Japan is taking steps to regulate bitcoin, and will introduce legislation to that effect soon, according to a report in the Nikkei Asian Review. But it won't be a currency, like yen or dollars — ... more 
Japan is taking steps to regulate bitcoin, and will introduce legislation to that effect soon, according to a report in the Nikkei Asian Review. But it won't be a currency, like yen or dollars — instead, bitcoins will be treated as a tradeable commodity like gold or oil. How Japan plans to enforce these regulations, no one knows for sure. After the largest bitcoin exchange, Tokyo-based Mt. Gox, collapsed with potentially hundreds of millions of dollars unaccounted for, a Japanese lawmaker asked the government to make its position on the virtual currency clear. less 
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Wochit
Wed, Mar 5, 2014 8:43 AM EST