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."
The Princeton Bitcoin Book by Arvind Narayanan, Joseph Bonneau, Edward Felten, Andrew Miller and Steven Goldfeder is a free download — it’s over 300 pages and is intended for people “looking to truly understand how Bitcoin works at a technical level and have a basic familiarity with computer science and programming.”
Bitcoin Savings & Trust founder Trendon Shavers pleaded guilty to fraud over his company’s Ponzi scheme, whose victims believed they would earn one percent interest every three days — an annual rate of 3,641 percent.
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