“In the case of a Texas man accused of massive Bitcoin-based fraud, a federal judge has ruled that bitcoins are ‘a currency or form of money,’ and are therefore subject to relevant US laws. The case revolves around Bitcoin Savings and Trust (BTCST), a virtual Bitcoin-based hedge fund that many suspected of being a scam. BTCST shut down in August 2012, and the Securities and Exchange Commission (SEC) last month formally charged founder Trendon Shavers with running a Ponzi scheme.”
Related posts:
Mt. Gox Settlement Proposal Could Make Former Users Whole
Calling All Of Freedom's Friends to NY State
Israeli Regulators Take “Wait and See” Approach on Digital Currencies
Mastercard and Visa Start Banning VPN Providers
Jeff Thomas Responds: Questions on Gold Ownership
How to get 2000ºF Solar Power From An Old TV
Web currency Bitcoin seeks legitimacy, stability via foundation
Return Airport Security To The Airlines
Virginia health centers get $2.5M to ‘promote Obamacare on taxpayer dime’
Records show FBI monitored ‘Anarchist’ Occupy Wall Street protests
Reuters Makes the Rational Case for a Surveillance State
2012 in Review: Biometric ID Systems Grew Internationally… And So Did Concerns About Privacy
Bank of America Analyst: Bitcoin Can Be The New Western Union
What About Karzai Cash Before 9-11?
SEC Bars Egan-Jones From Rating The US And Other Governments For 18 Months