http://www.pfhub.com/u-s-district-judge-thinks-bitcoin-qualifies-as-money-funds-1081/A U.S. District Judge in a case involving a Florida man, Robert Faiella, allegedly participating in a scheme to sell approximately $1 million worth of bitcoins to Silk Road users is making headlines in the bitcoin community.
During the case, prosecutors requested that the New York federal judge dismiss one of two counts placed against Faiella: operating an unlicensed money transmitting business. The reason for this is that prosecutors do not qualify digital currency as money.