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Japan considers treating Bitcoin like real money
Japan's financial services regulator is considering recognizing Bitcoin and other virtual currencies as equal to their real-world counterparts. The news comes via Nikkei's Asian Review, which claims that authorities want to improve customer protection to avoid another Mt.Gox-style calamity. When the Japan-based Bitcoin exchange went offline, a number of people lost a substantial sums of money that it was holding. They were unable to seek compensation, however, since Bitcoins weren't considered real property, and a subsequent court case affirmed that stance.
