08 Aug '13, 9am

US judge rules bitcoin is real money:

Last month the Securities and Exchange Commission charged Trendon Shavers with running a bitcoin Ponzi scheme through his Bitcoin Savings and Trust (BTCST), which raked in 700,000 bitcoins, worth $4.5 million, from unwary investors. Shavers argued that the case should be ditched because the SEC has no jurisdiction because the bitcoin investments he was offering were not securities because the crypto-currency is not money or subject to any regulations. However, US Magistrate Judge Amos Mazzant has rejected the claim, ruling that "it is clear that bitcoin can be used as money" and "is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money". Therefore, the court ruled, "BTCST investments meet the definition of investment contract, and as such, are securities". Regulators in the US and around the world are struggling to catch up w...

Full article: http://www.finextra.com/News/FullStory.aspx?newsitemid=25099

Tweets

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...

Court Rules Bitcoin Is Real Money

banktech.com 08 Aug '13, 3pm

A U.S. federal judge ruled yesterday that the virtual currency Bitcoin is real money and is subject to regulation by gover...

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...

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...

A federal judge in Texas has determined that bi...

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...

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...

Bitcoin, you are money.

wired.com 09 Aug '13, 8am

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

'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 a legitimate form of 'currency,' a f...

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...

Bitcoin is real money, says US district court

theverge.com 07 Aug '13, 6pm

The court's decision adds to a growing body of policy and law that says Bitcoin is a currency. Earlier this year, the US T...

#Bitcoin is real - get over it... via @Finextra my latest post

#Bitcoin is real - get over it... via @Finextra...

finextra.com 08 Aug '13, 6pm

Regulators are primarily concerned about Money Laundering and anonymity when it comes to BitCoin. While no regulator reall...

Bitcoin = Money, Says Judge - MoneyBeat - WSJ v...

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

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...

A federal judge has ruled that Bitcoin is a leg...

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...

Federal judge: Bitcoin ‘can be used as money,’ subject to SEC

Federal judge: Bitcoin ‘can be used as money,’ ...

dailycaller.com 09 Aug '13, 1am

A federal judge ruled that Bitcoin, the fledgling online currency that has exploded in value since its initial introductio...