08 Aug '13, 12am

A US federal judge has ruled that Bitcoin is a currency, so can regulation be far behind?

A US federal judge has ruled that Bitcoin, the decentralized digital currency, is a legally recognized tender. The determination was made as part of a case currently in court against a Texas man who stands accused of a massive Ponzi scheme involving a Bitcoin-based hedge fund. It is the first known case of such a scheme involving the digital currency. The Bitcoin Savings and Trust was shut down in August 2012 but not before it raised $4.5 million in investments, based on the average price of Bitcoins in 2011 and 2012. The US Securities and Exchange Commission subsequently formally charged its founder, Trendon Shavers, with fraud. The judge disagreed with contentions by Shavers that funds associated with his website shouldn’t be considered securities because Bitcoin isn’t considered “money. ” The judge wrote on Monday that “it is clear that Bitcoin can be used as money. ” H...

Full article: http://rt.com/news/line/2013-08-08/#50088

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By Sarah N. Lynch Tue Aug 6, 2013 6:55pm EDT (Reuters) - U.S. regulators got the green light from a federal judge to proce...

Bitcoin is

reuters.com 06 Aug '13, 11pm

By Sarah N. Lynch Tue Aug 6, 2013 6:55pm EDT (Reuters) - U.S. regulators got the green light from a federal judge to proce...

U.S. judge says SEC can pursue Bitcoin-related ...

news.yahoo.com 06 Aug '13, 11pm

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