Articles Tagged with bitcoin

Bitcoin trader Morgan Rockoons will stand trial in San Diego after being indicted for failure to comply with federal anti-money laundering rules. His case highlights questions that authorities have wrestled with since the emergence of cryptocurrencies, namely whether they are subject to the same banking rules as government-recognized currency.


Senior United States District Judge Jack D. Weinstein of the New York Eastern District Court ruled on March 6th that virtual currencies, such as Bitcoin, are commodities, and that the Commodity Futures Trading Commission (CFTC) has authority along with other state and federal administrative agencies and civil and criminal courts over dealings in virtual currency.


Posted in: Consumer Law