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The former CEO of the late Gox Cryptocurrency Exchange, Mark Karpeles, wants to launch a new Blockchain company in Japan.
The blockchain of Karpeles in Japan
This is what Karpeles reportedly announced to the press in his comments on June 5, when he appealed a conviction for data manipulation under Mount. Gox legal proceedings.
While the details are rare, the Associated Press (AP) He plans to use the "same computer technology" for the project, which Karpeles did not allude to.
According to AP, a 34-year-old Frenchman "wants to make Japan a leader in Blockchain technology".
His words come after a few turbulent months for Mount. Gox. Japanese prosecutors had originally demanded that Karpeles be convicted of embezzlement and serve a ten-year sentence. He then ducked those charges, having been convicted of data manipulation and sentenced to a suspended two-and-a-half-year sentence.
Lawyers even dispute this accusation, they revealed last month, while Karpeles has always protested his innocence throughout the legal debacle of almost six years of exchange.
In 2013, funds totaling 850,000 bitcoins disappeared from Mt. Gox, with suspicions about Karpeles with regard to security and interaction with users' money.
In 2018, as part of the pardon procedure, he publicly stated that he would not be interested in claiming an "overabundance" of 160,000 coins because of exchange rate fluctuations since the time when users have lost their funds.
"I do not want that. I do not want that billion dollar, "he wrote at a Reddit AMA session.
From the first day, I did not expect to receive anything from this bankruptcy. The fact that today this possibility is an aberration and I feel that I have the responsibility to ensure that this does not happen.
Karpeles is aiming for a refreshed Japanese crypto sector
Although it remains to be seen what kind of project is currently under consideration, it would not be an exaggeration to imagine another business related to trading.
As Bitcoinist Japan's domestic trade sector is booming, with licensing and regulatory oversight designed to avoid any further significant damage to consumer confidence.
Mt. Gox was only the first of a series of Japanese trading implosions, 2018 having seen more than $ 500 million in altcoins leave the Coincheck platform, which was relaunched under a new owner.
Since then, the sector has attracted the interest of large companies, including Yahoo! Japan, which launched its newly acquired scholarship, Tao Tao, on May 30th.
Just before, a Japanese Blockchain fund revealed that it was injecting $ 200 million into the operator of the South Korean Bithumb Stock Exchange.
What do you think about Mark Karpeles's projects? Let us know in the comments below!
Pictures via Shutterstock
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