A statement from the Japanese government, seen by the Wall Street Journal, states:
Any bitcoin transactions are taxable when they fulfill requisitions stated by laws on income tax, corporate tax and consumption tax.
A document released by Prime Minister Shinzo Abe added:
Bitcoin are neither Japanese nor foreign currencies and its trading is different from deals stated by Japan’s bank act as well as financial instruments and exchange act.
Japan remains unclear on how it might regulate bitcoins and other crypto-currencies, as well as which government agency would be responsible for doing so.
Mt Gox facing up to $500 million loss
Tokyo-based Mt. Gox, once the world’s top Bitcoin exchange, stated on Monday that it has lost “750,000 bitcoins deposited by users and approximately 100,000 bitcoins belonging to us.” They’re worth over $500 million.
Mt. Gox believes that hackers exploited bugs in the online exchange to steal the bitcoins.