07 Aug '13, 6pm

Texas federal judge declares Bitcoin a currency, says Bitcoin investments fall under US securities law

Bitcoin's been in the news a fair bit lately due to the uncertainties surrounding the Mt. Gox exchange , where one can trade in the digital money for the official currencies of countries around the world. However, for many, Bitcoin remains an ephemeral idea, neither received nor recognized as a valid way to, you know, pay for stuff. Today, however, a federal judge in the Eastern District of Texas has officially recognized Bitcoin as a currency and declared that Bitcoin investment funds and transactions fall under the jurisdiction of US securities law, and therefore, the federal justice system as well. The ruling was handed down in a case brought by the Securities and Exchange Commission against a man who created a Bitcoin hedge fund and is alleged to have defrauded the investors in that fund. So, while most of us don't have to worry about Bitcoin fraud, it's good to know t...

Full article: http://www.engadget.com/2013/08/07/texas-federal-judge--b...

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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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arstechnica.com 07 Aug '13, 4pm

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techcrunch.com 07 Aug '13, 11pm

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coindesk.com 07 Aug '13, 12pm

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

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forbes.com 07 Aug '13, 6pm

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blogs.wsj.com 07 Aug '13, 6pm

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nbcnews.com 08 Aug '13, 7pm

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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...