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 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.
In Not Even Close: The State of Computer Security, a talk given at the Norwegian Deveopers’ Conference, Microsoft Research’s James Mickens gave the most acerbic, funny, terrifying security talk I can remember seeing (and I’ve seen a lot of ’em!).
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