Japan’s Top Regulators Suggest Mt. Gox Intervention Unlikely
Top Japanese financial organisations distanced themselves from Mt. Gox on Monday amid growing requests from customers for action.
Japan’s Ministry of Economy, Trade and Industry has been discussing the potential impact of blockchain technology on its domestic finance industry.
In comments to reporters, the head of Japan's central bank indicated he has concerns about bitcoin's safety and stability.
A Bank of Japan official said this week that central banks should watch developments surrounding bitcoin and blockchain "closely".
Japan's ruling party, the Liberal Democratic Party (LDP) has launched an investigative committee into bitcoin.
Japanese regulators responded to the escalating situation at Mt. Gox by calling for international cooperation on the matter.