8/12/2013

A federal judge has ruled that Bitcoin is a "form of money." The ruling stems from a Securities and Exchange Commission case in which Bitcoin Savings and Trust has been accused of defrauding investors. The suit claims that the BCST obtained more than 700,000 bitcoins in principal investments from investors, totaling more than $4.5 million. The investors allegedly lost a total of 263,104 bitcoins.

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