Tsutomu Okubo, now a member of the Japanese parliament and a former banker at Morgan Stanley, told Ars that he had begun discussing new bitcoin-related regulation with the Financial Services Agency, the Ministry of Finance, and the Bank of Japan a year ago.
"However, their response is that Bitcoin is neither currency nor regulated settlement in Japan," he said by e-mail. "Regarding exchanges like MtGox there is no regulation now."
Bitcoin’s spiking prices have been driven almost entirely by Chinese money-launderers trying to beat the country’s currency controls — controls that have tightened so much that it’s tanking the world’s real-estate markets as offshore buyers abandon their deposits and disappear.
The customer service operatives for the criminal gang that operates the Spora ransomware are relentlessly customer focused, working to soothe upset victims and streamline their payments in order to recover their data.
More news on the Chinese crackdown on money-laundering and its impact on the global property bubble: the controls the Chinese government has put on “capital outflows” (taking money out of China) are actually working, and there’s been a mass exodus of Chinese property buyers from the market, with many abandoning six-figure down payments because they […]
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Although there will never be a consensus about the best way to make coffee, any coffee connoisseur will agree that controlling the grind of your beans and balancing water temperature are the keys to a tasty cup. Since your plastic coffee pot doesn’t really allow for that kind of customization, going back to the French […]