Originally posted on 03/22/2013:

lol - this is actually good news for Bitcoin (as you can see the price has gone UP since this guidance. Before there was the question of Bitcoin even being legal - but now it is clearly legal , just the exchanges (not regular users) have to register as money transmitters. Why do you think it has gone up from 47 to 72$ each in the last 5 days? This news and the fact that Cyprus is taking depositors money has all euros looking for another option. Anyway, it's probably good to sell some and take profits if you've been holding since single digits, but i doubt the run is over - been all good news for Bitcoin recently.