MT. Gox announced that they were in bankruptcy condition. They closed their services and websites on February 25, 2014. In the next three days, MT Gox will submit the protection from bankruptcy to the Government. What are the causes? Finally, Mark Karpeles explained that the bankruptcy is caused by the weakness of their security system so that the hacker can inside their system and steal the bitcoin. On other hand, Karpeles optimizes that the bitcoin industry will be growing.
MT Gox had lost 850.000 bitcoins a value of almost 500 billion dollars consisting of their customer's 750.000 bitcoins and other almost 100.000 bitcoins as an asset of their company. Unfortunately, MT Gox has a debt amount of 63,9 million dollars, which is higher than their assets. Now, their assets are just 37,7 million dollars. In their bankrupt document, MT. Gox noted that there are 127.000 creditors and 1.000 creditors are from Japan Country.
The government of Japan has a plan to explain the law and they take action on Bitcoin virtual currency because of this condition. The Japan Government's Instruction will not determine bitcoin as a virtual currency. Banking and pledge aren't licensed for using bitcoin as part of a commodity business like gold. Then, they have planned to charge the taxation on bitcoin's transactions. It is difficult to action, how the Government of Japan will do it because the e-wallet account always uses Anonim identities.
Bitcoin is decentralization. It means that no financial institution, Bank of Central, and/or government can regulate bitcoin and its activities.
Komentar