07 Aug '13, 6pm

Bitcoin is real money, says US district court

The court's decision adds to a growing body of policy and law that says Bitcoin is a currency. Earlier this year, the US Treasury Department's Jennifer Shasky Calvery called companies that deal in Bitcoin and other virtual currencies "a financial institution" that had "the same obligations as any money services business." Later, a California court attempted to shut down the Bitcoin Foundation on the grounds that it was operating an unlicensed "money transmission" business. Abroad, a Thai Bitcoin company was shut down after trying to get licensed as a currency, but not because the government disagreed with its assessment — Bitcoin was a kind of money, the Bank of Thailand agreed, but existing laws didn't provide a framework to correctly regulate it.

Full article: http://www.theverge.com/2013/8/7/4598644/bitcoin-is-real-...

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US judge rules bitcoin is real money:

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