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I read it as saying that Japan was not a country with solid laws that relate to Bitcoin. One requirement for having solid laws, would be some sort of compulsory

I read it as saying that Japan was not a country with solid laws that relate to Bitcoin. One requirement for having solid laws, would be some sort of compulsory security audit of the code by independent experts. Japanese law did not require this, so did not have solid laws relating to Bitcoin exchanges.

nfoz 13y ago
> One requirement for having solid laws, would be some sort of compulsory security audit of the code by independent experts. This doesn't exist in the U.S. financial system. Maybe it should, but honestly it is such a stronger requirement than anything close to what we have currently, and I imagine it would be impossible to enact on a resistant market (try defining "independent security experts"... oy).