FinCEN boss lays out Bitcoin rules
The boss of US regulator FinCEN has outlined what Bitcoin exchanges need to do to keep the feds happy and stay out of prison.
A US district judge has denied a motion by the one of the founders of Liberty Reserve to dismiss a federal indictment filed two years ago.
Maxim Chukharev, the former IT manager of Liberty Reserve, has pleaded guilty to operating an illegal money transmitting business.
The founder of Liberty Reserve, a private digital currency system that was a predecessor of bitcoin, has been sentenced to 20 years in prison.
Vladimir Kats, co-founder of Liberty Reserve, has pleaded guilty to a number of charges including money laundering.
Starting June 15, the Mt. Gox bitcoin exchange will stop allowing funds and withdrawals through the Australian Technocash service.