Published on August 20th, 2015 | by bitcoin0
Japanese Bitcoin Unowned
The Bitcoin situation in Tokyo could very well shape the future of virtual currencies in Japan.
Two weeks ago, the Tokyo District Court judged that Bitcoin are not subject to ownership.
The Judgement Probably Won’t Affect You
As soon as news broke about the Tokyo District Court deeming Bitcoins are not subject to ownership; panic started to ensue.
What is of peculiar interest is how this judgement is in fact contradictory to Bitcoin being subject to ownership under Japan’s Civil Code.
The first step, ruling Bitcoins are not subject to ownership, seems to be leading Bitcoin on a path in the right direction.