RATE Group | Mt Gox Creditors Are Preparing to Claim for Bitcoin Repayments
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Mt Gox Creditors Are Preparing to Claim for Bitcoin Repayments

03 Aug Mt Gox Creditors Are Preparing to Claim for Bitcoin Repayments

Posted at 10:07h in Bitcoin News by

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A group of creditors of the defunct bitcoin exchange Mt. Gox have started preparing to claim for bitcoin repayments following a court’s decision in June.

Lawyers representing several Mt. Gox creditors – who filed a petition in November to move Mt. Gox out of bankruptcy and into a process of civil rehabilitation – on Thursday published an updated proposal for the process.

The lawyers released an initial basic policy for the rehabilitation on June 29, just a week after a court in Tokyo approved the creditors’ petition for civil rehabilitation entered late last year.

The policy stated in June that it would be “appropriate” to repay creditors who deposited BTC and BCH with Mt. Gox in the same cryptocurrencies instead of cash.

In the latest update, the lawyers further asserted that it would be desirable that these “BTC and BCH be sent to exchanges in which many creditors have accounts or can open accounts easily,” adding:

“We are of the opinion that most of the assets,…

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