Japanese Banking License Requirement for bitcoin Exchanges

I have been writing a short piece on the question if a bitcoin exchange like MtGox would need a banking license under Japanese law.

This is still a very rough draft right now. I have not yet succeeded in finding out what the Japanese Financial Services Authority (金融庁) thinks about these questions, though I did try to find out.

So I am not very confident on publishing this yet. On the other hand, current events make this topic somewhat relevant right now. And maybe readers can point out some of my errors.

Anyway, here we go:

Lenz, Bitcoin Banking License Requirement (March 4, 2014 version)

If you like this, please consider having a look at part 6 of my Bitcoin global warming novel titled “I’m Satoshi“.