08 Aug '13, 3pm

Court Rules Bitcoin Is Real Money

A U.S. federal judge ruled yesterday that the virtual currency Bitcoin is real money and is subject to regulation by government agencies, according to news sources . Trendon Shavers, a 30-year-old man recently charged with running a Ponzi scheme using Bitcoin, tried to get his case thrown out by claiming that Bitcoin isn’t real money and therefore is not subject to regulation by the U.S. government. The court rejected Shavers’ claim yesterday, according to media reports, ruling that Bitocin is real money, and that the Bitcoins invested in Bitcoin Savings and Trust -- Shavers’ hedge fund -- count as securities that are subject to SEC regulation. [See Related: The Bitcoin Bubble Explained, Colbert-Style (Video) ] Bitcoin was originally founded on the idea that it could not be regulated, since Bitcoins are handled by computer algorithms, opensource Bitcoin applications and a ...

Full article: http://www.banktech.com/payments-cards/court-rules-bitcoi...

Tweets

US judge rules bitcoin is real money:

finextra.com 08 Aug '13, 9am

Last month the Securities and Exchange Commission charged Trendon Shavers with running a bitcoin Ponzi scheme through his ...

Court officially declares Bitcoin a real currency

Court officially declares Bitcoin a real currency

rt.com 08 Aug '13, 3pm

The SEC asserts that Shavers made a number of misrepresentations to investors regarding the nature of the investments and ...

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...

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...

#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...

A judge says Bitcoin is money. Doesn't matter. ...

lfb.org 09 Aug '13, 3pm

“Bitcoin was designed to reduce transaction costs, and allows users to work together to validate transactions by creating ...

Court officially declares Bitcoin a real currency

Court officially declares Bitcoin a real currency

blacklistednews.com 09 Aug '13, 4pm

A federal judge has for the first time ruled that Bitcoin is a legitimate currency, opening up the possibility for the dig...

'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...

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 Court Rules That the Bitcoin Is Money

Federal Court Rules That the Bitcoin Is Money

infowars.com 10 Aug '13, 1pm

When the Securities and Exchange Commission (SEC) charged Trendon Shavers, the founder of Bitcoin Savings and Trust (BTCST...

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...

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...

What's Bitcoin Worth In The Real World?

readwrite.com 08 Aug '13, 7pm

We’ve all got at least a passing understanding of Bitcoin, that digital crypto-currency that can’t be regulated by any ban...

What's Bitcoin Worth In The Real World? by @lau...

readwrite.com 08 Aug '13, 7pm

We’ve all got at least a passing understanding of Bitcoin, that digital crypto-currency that can’t be regulated by any ban...

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...