Solarstorm75
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March 07, 2014, 01:11:08 PM

bitstamp and other markets testing to 645 now, any important news or only testing with more volume than we used to in last week ?

Here it is:

http://www.marketwatch.com/story/japan-decides-bitcoin-is-not-a-currency-2014-03-07?link=MW_latest_news
Headline : "The Japanese government officially said Friday that it doesn’t consider bitcoin to be a currency and has no plans at present to regulate it as a financial product."

Thanks Solarstorm, it seems like its a news allowing to test the lower support indeed.

If it wasn't for the Gox stuff this would normally be bullish news. People in Bitcoin want to have their cake and eat it - no regulation or protection unless it happens to be convenient

From the link:

Any bitcoin transactions are taxable when they fulfill requisitions stated by laws on income tax, corporate tax and consumption tax

If you have to pay VAT on every single trade, that would be very bearish news. But I have no clue, what the statement exactly means.