Tag Archives: bitcoin

The Isle of Man is to take ‘specific actions’ aimed at helping protect businesses and customers utilising digital currencies and provide an environment for high-quality businesses in this rapidly emerging field who wish to operate here. The online gaming jurisdiction is looking to recognise digital currencies as a property, rather than a currency, and apply the appropriate anti-money laundering controls. …

Mt Gox, a major Bitcoin currency exchange,  has declared itself bankrupt in a Tokyo district court hearing this Friday 28 February. A company lawyer cited outstanding debts of $63.2 million against company assets valued at $37.7 million. The Bitcoin trader had suffered a security breach (hack) that resulted in the crypto currency being  stolen from its platform and customer savings …