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Bitcoin is MONEY, says Canada

• theregister.co.uk

Canada's government has enacted what's believed to be the first legislation worldwide to define the status of crypto-currencies: they're money and have to be accounted and reported as such.

The laws, under the gripping title An Act to Implement Certain Provisions of the Budget Tabled in Parliament on February 11, 2014 and Other Measures, went through parliament earlier this year, but have only now received royal assent (a common measure in Commonwealth countries whereby the local representative of the British Monarch rubber-stamps a law into force with a symbolic application of regal authority).

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