Judge rules Bitcoin is a currency

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Friday, August 16, 2013

Independent: A U.S. judge ruled that Bitcoin, a decentralized virtual currency, should be recognized as a form of money.

The landmark ruling opens the way for US regulators to sue a suspected fraudster, who is accused of misleading investors in a Bitcoin-based product he was selling.

It also mean transactions using the controversial online currency are now to be considered in the same way as other "real-world" currencies bought and sold in the US.

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