Taking a page from the New York Department of Financial Services, Japan appears toe begin working on rules to regulate virtual currencies. No word from Mt. Gox or Mark Karpeles if this will impact their business.
More from Japan Times
A working group under the Financial System Council has compiled a draft proposal on regulations for virtual currencies that are traded on the Internet, informed sources said Wednesday
The draft calls for introducing a compulsory system for the operators of virtual currency exchanges to be registered with the Financial Services Agency to protect virtual currency users, the sources said.
Department of Homeland security brokers bitcoin and is now funding bitcoin technology. While some Bitcoiners maybe horrified, this shows that government recognizes Bitcoin is here to stay.
The U.S. Department of Homeland Security through the SBIR’s Science and Technology Directorate (S&T) is now accepting proposals from small businesses comprising of fewer than 500 employees in at least 10 topic areas. Interestingly, the areas also cover the topics of “Applicability of Blockchain Technology to Privacy Respecting Identity Management” & “Blockchain Applications for Homeland Security Analytics”.