Japan Pushes for International Effort on Bitcoin Regulation

Despite recent suggestions that its best financial bodies would not get any action against stressed bitcoin exchange Mt. Gox, Japan’s senior regulators are now stating they would seek to regulate bitcoin, but only as part of an international effort.

talking at a press conference on 26th February, Senior Vice financial Minister Jiro Aichi addressed the topic, saying: “If we regulate [bitcoin], international collaboration would be necessary. ”

Aichi suggested that this type of large-scale coordination is needed to avoid criminals from exploiting weaknesses or weak points in worldwide law.

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