Federal judge says Bitcoin is money in case connected to JP Morgan hack

A Manhattan-based federal judge ruled on Monday (PDF) that a man accused of running an illegal Bitcoin exchange website could not have two charges of running an unlicensed money transfer business dropped because Bitcoin is money.

The defendant is Anthony Murgio of Florida, who was arrested in July 2015 in connection with a number of other American and Israeli men who allegedly hacked into JP Morgan Chase, ETrade, and News Corp., among others. Murgio was not directly charged with conducting any of the hacks, but the Justice Department did claim that Murgio ran a sketchy Bitcoin exchange website called Coin.mx with Gery Shalon, the alleged mastermind of the JP Morgan hacks. According to a 2015 indictment, Murgio and others were able to accept shady money from co-conspirators through Coin.mx.

Murgio is also accused of misrepresenting his business to financial institutions by creating a front for Coin.mx called the “Collectables Club,” as well as with bribing

Read more ... source: TheBitcoinNews