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Gathering facts on Bitcoin exchange Mt Gox, unsure whether crime involved: Japan govt

FP Archives March 4, 2014, 07:30:35 IST

Japanese Finance Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based bitcoin exchange Mt Gox.

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Gathering facts on Bitcoin exchange Mt Gox, unsure whether crime involved: Japan govt

Japanese Finance Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based Bitcoin exchange Mt Gox and is not sure whether crime is involved.   “We still have not had a clear grasp of the situation,” Aso said in response to a reporter’s question after a cabinet meeting. “(We) don’t know if it was a crime or just a bankruptcy.”   Mt Gox, once the world’s biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual currency due to hacking into its faulty computer system.   Reuters

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