07 Aug '13, 4pm

Federal judge: Bitcoin, “a currency,” can be regulated under American law

In the case of a Texas man accused of massive Bitcoin-based fraud, a federal judge has ruled that bitcoins are “a currency or form of money," and are therefore subject to relevant US laws. The case revolves around Bitcoin Savings and Trust (BTCST), a virtual Bitcoin-based hedge fund that many suspected of being a scam. BTCST shut down in August 2012, and the Securities and Exchange Commission (SEC) last month formally charged founder Trendon Shavers with running a Ponzi scheme. As we previously reported , the SEC has said Shavers “raised at least 700,000 bitcoins in BTCST investments, which amounted to more than $4.5 million based on the average price of bitcoins in 2011 and 2012 when the investments were offered and sold.” Shavers did not immediately respond to our request for comment. In a four-page memorandum opinion issued on Tuesday, Judge Amos Mazzant wrote (PDF) to ...

Full article: http://arstechnica.com/tech-policy/2013/08/federal-judge-...

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Federal Judge Declares Bitcoin a Currency

yro.slashdot.org 07 Aug '13, 10pm

"An East Texas federal judge has concluded that Bitcoin is a currency that can be regulated under American Law . The concl...

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rt.com 08 Aug '13, 12am

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Texas federal judge declares Bitcoin a currency...

engadget.com 07 Aug '13, 6pm

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news.cnet.com 08 Aug '13, 12am

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news.cnet.com 08 Aug '13, 12am

The digital currency Bitcoin gained a measure of legitimacy this week when a federal judge ruled in a fraud case that Bitc...

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techcrunch.com 07 Aug '13, 11pm

First, the Court must determine whether the BTCST investments constitute an investment of money. It is clear that Bitcoin ...

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blogs.wsj.com 07 Aug '13, 11pm

You may not carry it in your wallet, but a federal judge in Texas has determined that bitcoin is indeed a form of money. B...

US judge rules bitcoin ‘is a currency or form of money’

US judge rules bitcoin ‘is a currency or form o...

coindesk.com 07 Aug '13, 12pm

A judge in Texas has ruled that bitcoin is a currency or form of money, which gives the Securities and Exchange Commission...

It's Not That Bitcoin Can Be Regulated As Money: It's That Now Bitcoin Will Be Regulated As Money: I'm slightl...

It's Not That Bitcoin Can Be Regulated As Money...

forbes.com 08 Aug '13, 1pm

First, the Court must determine whether the BTCST investments constitute an investment of money. It is clear that Bitcoin ...

Federal Judge Rules Bitcoin Is Real Money

forbes.com 07 Aug '13, 6pm

It's actually money, says judge (and SEC) Trendon Shavers is accused of being the Bernie Madoff of Bitcoin. The SEC is goi...

'Bitcoin is a currency': Federal judge says the...

nbcnews.com 08 Aug '13, 7pm

Shavers argues that the BTCST investments are not securities because Bitcoin is not money, and is not part of anything reg...

Bitcoin is officially money in the US, rules ju...

mobile.reuters.com 07 Aug '13, 10am

Bitcoin exists through an open-source software program. It is not managed by any one company, it is not regulated by any c...

Judge to Bitcoin: You Are Money

wired.com 08 Aug '13, 10am

Casascius Bitcoins, physical coins that represent digital currency. Photo: Mike Caldwell Trendon Shavers recently turned u...