Crazy day for bitcoin today, as BitInstant’s Charlie Shrem got super busted by the feds for money laundering, conspiring with Silk Road, and buying drugs on Silk Road. What does this mean for Bitcoin? Plenty of cheap coins to buy up.
Here’s the official complaint document: http://www.justice.gov/usao/nys/pressreleases/January14/SchremFaiellaChargesPR/Faiella,%20Robert%20M.%20and%20Charlie%20Shrem%20Complaint.pdf
Justice.gov: Manhattan U.S. Attorney Announces Charges Against Bitcoin Exchangers, Including Ceo Of Bitcoin Exchange Company, For Scheme To Sell And Launder Over $1 Million In Bitcoins Related To Silk Road Drug Trafficking
Business Insider: CEO of Bitcoin Exchange Arrested
Wall Street Journal: Pay Me in Bitcoin, IT Professionals Say
National Journal: How Is Bitcoin Taxed? The IRS Doesn’t Know