UPDATE (5th August 6:50 BST): This story has been updated with comment from the Federal Services Agency.
Japanese government officials are weighing whether to regulate bitcoin exchanges in the wake of new developments in the ongoing investigation of Mt Gox.
The Times quoted Finance Minister Taro Aso who said that government officials would need to "carry out studies" on how to properly regulate digital currency exchanges.
According to The Times, investigators believe Mt Gox may have been insolvent as early as November 2013, months before the exchange fully halted withdrawals and subsequently declared bankruptcy. Other reports suggest that the seizure of $5m in bitcoin by US officials may have exacerbated the situation.
When reached for comment, a representative the Financial Services Agency told CoinDesk:
CoinDesk will continue monitoring this developing story.
Japan image via Shutterstock
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