The price of Bitcoin plunged as withdrawal issues plagued the ecosystem's oldest exchange. Image: Bitconity
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Yet despite obvious uncertainty, the Tokyo-based exchange has remained a major player in Bitcoin trading, still commanding 21 percent of all trading volume, if only because users lacked better options. As I suggested two months ago, it’s still a pain to buy and sell bitcoins and the latest issues surrounding Mt. Gox are yet another reason why regulations would actually benefit the community by providing bitcoiners with a degree of much-needed security.And with regulators closing in—early US exchange Tradehill shuttered its doors last year due to licensing issues—the only prominent exchanges exist in relatively exotic locales like Eastern Europe or mainland China, which come with their own set of risks.In what should be a surprise to no one, mtgox has suspended operations. We Need a licensed US #bitcoin exchange. http://t.co/ygAOViFiB0
— jeremy liew (@jeremysliew) February 7, 2014
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Reuters talked to Mark Karpeles back in April 2013. Video: Bit Coin/Youtube
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