Thursday, August 6, 2015

Japanese Court: Bitcoins Not "Tangible Property"

Following the collapse of Mt. Gox and the subsequent case of the missing 750,000 BTC, much legal legal has been undertaken, from bankruptcy filing to damage suits against what was once the world's leading Bitcoin exchange, market maker, and price setter. For some time, a lawsuit regarding 458 BTC has been proceeding in a Tokyo court, a Kyoto claimant asking that the court rule his money be returned. Also read: Mt. Gox's Mark Karpeles: Of Cats, Temp. Unavailable Bitcoins & Double Lattes With Whipped Cream In a surprising turn of events counter to rulings in places like Kentucky, Judge Masumi […]

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