FinCEN Cracks Down on Virtual Currency

FinCEN Cracks Down on Virtual Currency

Money Laundering Laws Apply to Crypto-Currency The main US Money Laundering Regulator, FinCEN, recently told a Bitcoin trade group that they must adhere to all rules that apply to any financial institution. This clarified a March 18 ruling by FinCEN stating that...

US Federal Judge Rules That Bitcoin is Real Money

Last week US Federal judge Amos Mazzant ruled in favor of the SEC in a case against Trendon Shavers who ran the Bitcoin Savings and Trust of Texas (BTCST). Shavers took in $4.5 million in Bitcoin from investors, promising a 7% return. The SEC alleged that Shavers was...