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APR 02, 2013 - Business Insider

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Why The Feds Aren't Shutting Down Bitcoin — At Least Not Yet

It's illegal to make your own money in the United States, but that doesn't mean the feds will shut down the digital currency bitcoin anytime soon, financial services lawyer Dan Friedberg tells us. That's because the feds don't consider bitcoin — a virtual currency that's being used around the globe — to be  "tender," or official bills or coins that look like they've been issued by the U.S. government. Instead, it's considered "virtual currency." The federal government made that distinction clear in a recent announcement that it was applying money-laundering rules to bitcoin ... Read More

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