Showing posts with label CoinLab. Show all posts
Showing posts with label CoinLab. Show all posts

Saturday, May 04, 2013

The world's largest Bitcoin exchange, Mt. Gox, was sued by CoinLab

In February of this year, the world's largest virtual currency exchanger Mt.Gox, based in Japan, entered into an agreement with the American company CoinLab, under which CoinLab Bitsoin becomes the operator of all transactions conducted on Mt.Gox users from the United States and Canada.

Initially stated that CoinLab has partnered with a group of American banks, which could contribute to the output of the virtual currency Bitcoin offline.

But now the partnership seems to have collapsed. CoinLab sued Mt.Gox, accusing the latter of not fulfilling the contractual terms that were reached in November last year. Signed a legal agreement called for the transfer of Bitcoin-North American operations under the management of CoinLab in March. However CoinLab say that this has not happened.