Japanese Government Gets Involved in Mt. Gox Investigation
The closure of Mt. Gox and the investigation of its founder have turned into a national scandal involving the Japanese government after it was revealed that the defunct exchange was bankrupt six months prior to its collapse. The recent upturn could be due to the Japanese media mistakenly reporting that the “Ex-Founder of Bitcoin was arrested” or the magnitude of the investigations. Meanwhile, Japan’s Finance Minister Taro Aso announced that the Japanese government will most likely set up regulations on digital currencies due to recent scandal. The Japanese media is already misreporting....
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More details keep appearing from the police investigation into the 2018 Coincheck hack that stole $530 million from the crypto exchange. Japanese authorities revealed that most of the individuals involved have a “high social status.” One of the Individuals Took Part in a NEM Swap Deal Is Worth $64 Million According to a report published by Bunshun, “the majority” of the men involved in the case are “high income” individuals. In fact, they come from different professional backgrounds, such as being company managers and doctors. Prosecutors said the....
Today, Tokyo police re-arrested former Mt. Gox CEO Mark Karpeles for the embezzlement of $166,000 worth of U. S. funds, according to local Japanese newspaper Yomiuri. Karpeles is currently in custody for fraud and money-laundering allegations and will be held by Japanese police for further interrogation. Over the past two months, the Karpeles investigation has developed into a national scandal, involving the Japanese government and various law enforcement agencies, due to the inaccurate reporting from both international and Japanese media networks including Yomiuri and MSN. Since the....
Being part of the stock market is not as fun right now as it was a few years ago. Every day, a new financial disaster seems to be waiting just around the corner. After the trouble started brewing in China a few months ago, the Japanese stock market is the next one to plunge. The reason for this is simple: government bonds are going negative for the first time. At the same time, Bitcoin is looking more and more appealing as a way to diversify portfolios. Japanese Stock Market Takes A Big Hit. In this day and age, being involved in the financial sector with one’s money doesn’t make for a....
In a recently released white paper, a Japanese non-fungible token (NFT) taskforce has asked the government to consider appointing a government minister whose job it would be to oversee all matters relating to Web3.
Building the Support Structure for Japan’s NFT Sector
A Japanese NFT policy task force has reportedly told the country’s leaders to consider appointing Web3 minister, a report has said. If hired, this individual would be in charge of all matters relating to Web3.
Also, as per a report published by Coinpost, the government-appointed task force....
Japan's ruling party, the Liberal Democratic Party (LDP) has launched an investigative committee into bitcoin, and issued a statement saying it is "not a currency, but taxable". In what has become a familiar refrain from authorities around the world in recent months, the government has also blocked related banks from "brokering bitcoin transactions or opening accounts holding the virtual unit". Exactly what constitutes a 'bitcoin account' remains unknown, but it presumably refers to one with a known bitcoin service like Blockchain.info or Coinbase. This is likely a reaction to the....