This past February, the largest Bitcoin exchange, Mt. Gox, announced a partnership with an American company called CoinLab. The goal of the partnership was to give Mt. Gox access to US customers through CoinLab, as the company is strongest in Japan. It also served to help Mt. Gox navigate new regulation guidelines the US government has proposed for Bitcoin transactions. In all, it looked like it could have been a win-win — but as Gawker reports, that doesn't appear to be the case.
CoinLab has filed a lawsuit against Mt. Gox to the tune of $75 million. CoinLab alleges that Mt. Gox has "willfully failed to perform its obligations" under the original contract, because it "failed to provide CoinLab with account reconciliation data, server...
via The Verge - All Posts http://www.theverge.com/2013/5/2/4295638/top-bitcoin-exchange-75-million-lawsuit-international-partnership
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