08-10-2013, 04:48 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Quote:
[B]itcoin is an electronic form of currency unbacked by any real asset and without specie, such as coin or precious metal ...
United States District Court
EASTERN DISTRICT OF TEXAS
Case 4:13-cv-00416-RC-ALM
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The Judge allowed Bitcoin to be allowed in evidence and as consideration in a securities fraud case -- a very narrow procedural ruling of jurisdiction.
US Treasury and FinCen has decided to regulate Bitcoin AS a currency months ago. So, this not should surprise anyone and only means what the limited ruling means. |
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