On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1230 AM Sioux Falls, SD 98.1 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
74° Feels Like: 74°
Wind: S 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 76°

Tonight

Mostly Clear 62°

Tomorrow

Isolated Thunderstorms/Wind 84°

Alerts

Japan finance minister: Gathering facts on bitcoin, unsure whether crime involved

Kolin Burges, a self-styled cryptocurrency trader and former software engineer from London, holds a placard to protest against Mt. Gox, in f
Kolin Burges, a self-styled cryptocurrency trader and former software engineer from London, holds a placard to protest against Mt. Gox, in f

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Tuesday that the government is still trying to figure out what has led to the collapse of the Tokyo-based bitcoin exchange Mt. Gox and is not sure whether crime is involved.

"We still have not had a clear grasp of the situation," Aso said in response to a reporter's question after a cabinet meeting. "(We) don't know if it was a crime or just a bankruptcy."

Mt. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual currency due to hacking into its faulty computer system.

(Corrects quote in paragraph 2 to say "bankruptcy", not "theft")

(Reporting by Tetsushi Kajimoto; Editing by Dominic Lau)

Comments