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Re:Bitcoin implodes: 90% down from June Peak by saturn7 on Tuesday October 18, 2011 @02:37PM (#3126448)
In the UK Bitcoins are classified as a commodity.

It falls under the same rules as buy and selling gold which basically has no formal regulation.

I heard somebody define "money" as the most liquid commodity.

The commodity that can be exchanged for goods and services the most easily and efficiently is money.

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