Japanese Police Shut Down Protest at Mt. Gox

Police in Tokyo have ordered the Mt. Gox office protestors to move on, after complaints from the building's tenants.

AccessTimeIconFeb 22, 2014 at 9:36 a.m. UTC
Updated Sep 3, 2021 at 10:12 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

The small group of protestors outside Mt. Gox in Tokyo were moved on late yesterday by Japanese police, and warned not to return without a 'demonstration license'.

Organizer Kolin Burges said the police were called not by Mt. Gox, but one of the building's other tenants who had reportedly had enough of the protestors' week-long presence at the building.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Mt. Gox management was also said to be irritated by the ongoing sit-in, claiming "security problems" caused by the protest and other technical issues were slowing its progress at fixing its bitcoin withdrawal problem. The company had previously posted a notice on its support page claiming to be moving location.

     The protests received attention from both bitcoin fans and the Japanese media
    The protests received attention from both bitcoin fans and the Japanese media

    This effectively ends the protest in its current form, since the group is unlikely to secure the license. For the most part the protest consisted only of two people, though they had been joined at other stages during the week by curious bitcoiners and financial media reporters. One of the Japanese language signs the pair was holding invited locals to join in and gave the street address.

    Growing numbers

    Burges said there were around 10 people standing near the building when police arrived. He explained:

    "We went to the police station for a license and were told that for a demonstration license you need to move along a pre-planned route, with start and end points. So it looks like we cannot get a license and can't go back there."

    Anyone walking through Tokyo on any given weekend is bound to encounter a rally or two, many of which do not appear to be moving, and which can be quite rowdy. The most common demonstration themes are anti-nuclear power or North Korea, plus the infamous loudspeaker buses operated by the far-right uyoku. The Russian, Chinese and US embassies are popular rallying points, and all have a permanent riot squad presence.

    Burges indicated he still wanted to continue the protest in some form, but would have to think of other tactics. A physical presence may or may not be involved, though it is generally considered unwise to tempt fate with the Japanese police after a warning.

    1618466_10153847802020176_50308665_n
    1618466_10153847802020176_50308665_n

    The price of a bitcoin on Mt. Gox continues to slide, even falling below the $100 mark at one point and hovering around that amount since. Most price aggregators, including CoinDesk's Bitcoin Price Index, have removed Mt. Gox from their averages. The average global price is a comparatively robust $564, but still much lower than the $900 or so before the current problems began to get attention.

    Protest images credit: Abasa Phillips

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.