IPFS News Link • Bitcoin
Here's Why The Feds Seized Assets From The World's Biggest Bitcoin Exchange
• http://www.businessinsider.com, Dylan LovePunishment for money transmitting without a license is a fine or a maximum of five years in jail.
By using a confidential informant to move Bitcoins through Mt. Gox to Dwolla, one of the most popular ways to turn the digital currency into physical currency, authorities were able to trace the money and find it to be a violation.
This is an interesting (and major) way for the government to acknowledge Bitcoin.