Virtual currency prospers in Asia: Will China follow?

  • Posted on 25th June 2014
Virtual currency prospers in Asia: Will China follow?

Last Thursday, Japan’s Liberal Democratic Party (LDP) announced that it is not currently looking to regulate virtual currency. This is a significant announcement as there previously was uncertainty over how state officials, particularly in Japan, would react following the collapse of the leading Japanese Bitcoin exchange, Mt. Gox and the loss of over $420 million worth of Bitcoins.   House…

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