Mt. Gox has filed for bankruptcy protection, a lawyer for the beleaguered bitcoin exchange told a news conference today. Meanwhile, new Federal Reserve chair Janet Yellen has said that the central bank has no authority to regulate the crypto-currency.
Regulators are supposed to provide "fair and orderly markets " . Therefore I struggle to understand how "bitcoin " was ever allowed to trade ? Those who have lost monies should learn and trade at established "lit " exchanges . Bitcoin can join
Mr Madoff as those who temporary fooled the markets BUT were eventually caught .
CompetitiveNew York City, NY (USA)
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