[2014-07-11] Judge knocks down ‘Bitcoin is not money’ argument in Silk Road tria

[erono]

http://siliconangle.com/blog/2014/07/10/judge-knocks-down-bitcoin-is-not-money-argument-in-silk-road-trial/

Virtual currencies still exist in a strange regulatory and legal fog where how they’re use is defined seems a bit up in the air. The popularity of Bitcoin in particular has raised questions about its legitimacy as money—especially noting that more and more businesses are now accepting bitcoin in place of dollars. So, as a novel defense against money laundering charges Ross Ulbricht’s lawyer argued that Bitcoin is not money during the Silk Road trial.