Arrest of Mt. Gox CEO reopens an old wound for bitcoin

August 8, 2015
Share the news!

Not surprisingly, following the arrest of Mt. Gox CEO Mark Karpeles comes word that the Japanese government may seek to implement a formal licensure process for bitcoin exchanges. This was to be expected and has otherwise been greeted by the bitcoin industry with a collective shrug. However, what has not gone unnoticed is the renewed barrage of media editorials calling for “transparency and safety” from this “highly anonymous transaction systems”. Sadly, such calls for regulation are dominated by uninformed rhetoric seeking protection from risks that are not largely understood outside the bitcoin ecosystem. Simply put, the public is asking for “regulation” for the sake of regulation. This is truly concerning to say the least.

Similiar Blog Post

FTX Implosion Proves California Regulation Should Distinguish Custodial from Non-Custodial Business Models

August 17, 2020
This old-fashioned scam is more prevalent than you think — and your customers could be at risk. If you run a cryptocurrency exchange, kiosk...

Recent CFPB Enforcement Action Should be a Warning to Crypto

August 17, 2020
This old-fashioned scam is more prevalent than you think — and your customers could be at risk. If you run a cryptocurrency exchange, kiosk...

AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation.

August 17, 2020
This old-fashioned scam is more prevalent than you think — and your customers could be at risk. If you run a cryptocurrency exchange, kiosk...