CoinDesk Removes Mt. Gox from Bitcoin Price Index

CoinDesk Removes Mt. Gox from Bitcoin Price Index

CoinDesk has removed Mt. Gox from the Bitcoin Price Index today (as of 16:00 GMT), due to its persistent failure to meet the Index's standards for inclusion. Ultimately, the decision to remove Mt. Gox from the BPI was prompted by Friday's announcement that bitcoin (BTC) withdrawals had been suspended until Monday, and today's follow-up announcement that bitcoin withdrawals would now be suspended indefinitely. This was due to a previously known technical issue with Mt. Gox's custom wallet implementation of the Bitcoin core protocol. However, these recent withdrawal restrictions are just the....


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Quotes

The decision to bring virtual currency within the scope of our regulatory framework should be viewed by those who respect and obey the basic rule of law as a positive development for this sector. It recognizes the innovation virtual currencies provide, and the benefits they might offer society.

Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Ne