What Tokyo's Mt Gox Ruling Means for Bitcoin in Japan
Akihiro Shiba is an attorney-at-law qualified in Japan, working at Nishimura & Asahi's Tokyo office, with expertise in financial regulations and transactions and provides advice on virtual currencies. In this article, he examines what the recent Tokyo District Court ruling means for the status of bitcoin in Japan. In a lawsuit filed by an individual against the bankruptcy trustee for Mt Gox, formerly the most widely used bitcoin exchange in the world, the Tokyo District Court handed down a judgment on 5th August, 2015, holding that bitcoins are not subject to ownership. This is probably....
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This document on the Mt. Gox website announces the Tokyo court ruling, ordering bankruptcy proceedings for the exchange. The Mt. Gox website got updated with a new document. The Tokyo District Court ordered liquidation to begin at the failed Bitcoin exchange. This definitive order follows an earlier announcement made last week, where the bankruptcy administrator said it would be difficult to get Mt. Gox started again. "At 5 p.m. on April 24, 2014, the Tokyo District Court issued an order of commencement of the bankruptcy proceedings for MtGox Co., Ltd. (the "Company") (Case No.: Heisei....