Japanese authorities are now investigating the sudden closure of Mt. Gox, the exchange company for the virtual currency unit bitcoin. While Japan’s Financial Services Agency have no authority over Mt. Gox, top officials have already began an inquiry on the cause of the abrupt closure.
The Tokyo-based exchange suddenly closed early this week and the website went offline, raising concerns among investors who were locked out of their funds and efforts to reach the company officials were in vain. Speaking at a regular news conference, Chief Cabinet Secretary Yoshihide Suga said, “At this stage the relevant financial authorities, the police, the Finance Ministry and others are gathering information on the case,” referring to the sudden shutdown of the firm. While Bank of Japan governor Haruhiko Kuroda said last December that the central bank is “very interested” in bitcoin, officials from the company refused to comment on the statement after the shutdown went public.
A statement in the Mt. Gox website said it had stopped “all transactions for the time being in order to protect the site and its users.” CEO Mark Karpeles sent an email to Reuters noting, “We should have an official announcement ready soon-ish. We are currently at a turning point for the business. I can’t tell much more for now as this also involves other parties.” The Wall Street Journal also reported that federal prosecutors from New York had already subpoenaed the trading firm.
[via Global Post]
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