Tag Archives: bitcoin

Japan Finance Minister does not know what bitcoins are

Japanese Finance Minister Taro Aso on Friday expressed eagerness to hold discussions with other ministers and government agencies about what is behind the recent trouble in the “bitcoin” virtual currency market.

“We do not clearly know what bitcoins are, so we have to start studying it,” Aso said at a press conference, referring to the sudden shutdown earlier this week of all transactions on Mt. Gox, a major bitcoin exchange based in Tokyo.

Aso added there is a group in the ruling Liberal Democratic Party that is studying the bitcoin market.

https://www.youtube.com/watch?feature=player_embedded&v=PpXdJFu0nig

Mt. Gox chief says he is “still in Japan” after sudden operational shutdown of the exchange

The chief executive of troubled bitcoin exchange Mt. Gox has denied speculation that he fled Japan in the wake of its sudden operational shutdown and said work is under way to solve various issues.

“As there is a lot of speculation regarding Mt. Gox and its future, I would like to use this opportunity to reassure everyone that I am still in Japan and working very hard with the support of different parties to find a solution to our recent issues,” Mark Karpeles said in a statement posted online and dated Wednesday.

His statement came after the market for the virtual currency released a brief statement that it will “close all transactions for the time being in order to protect the site and our customers.”

http://www.youtube.com/watch?v=hC948CvN7zw

Read the rest of the story: Mt. Gox chief says he is “still in Japan” to solve issues.