What Ruling Bitcoin in Japan means for Tokyo’s Mt Gox – Bitcoints

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Published on August 14th, 2015 | by bitcoin

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What Ruling Bitcoin in Japan means for Tokyo’s Mt Gox

In this article, he examines what the recent Tokyo District Court ruling means for the status of bitcoin in Japan.
The judgment will not cause any change in the treatment of Mt Gox creditors.
The bitcoins stored in the bitcoin addresses for which Mt Gox held or managed the private key should be regarded as being occupied by Mt Gox but co-owned by all the users, including the plaintiff.
The bankruptcy trustee for Mt Gox disputed the claim, refuting the plaintiff’s arguments, including (1) above.
Numerous people are still hoping to get their lost Mt Gox funds backNo protection of customers’ bitcoins from insolvency?

Source: Www.coindesk.com

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