With the value and commercial accepability of bitcoin not yet stable, all news associated with this virtual currency makes headlines. There is plenty of money, including among investors, at stake. So, reports of Charlie Shrem's intention to plead guity are making headlines.
Shrem, former Bitcoin Foundation Inc. Vice Chairman, reports Karen Gullo in Bloomberg, "was accused in an indictment of trying to launder more than a $1 million in the virtual currency in a case tied to the illicit online bazaar Silk Road." Here is the Bloomberg coverage.
As of now, bitcoin remains largely unregulated at both the federal and state levels. However, there have been moves in those directions.
For example, Richard Cordrey, head of the Consumer Financial Protection Bureau, warned the public about the digital currency. He is soliciting complaints associated with it. Here is background on that.
But, bitcoin isn't alone in being an unregulated currency. For years frequent flyer miles have been a type of currency, even exchanged for cash. There had been a few regulatory moves but not much came of them. Airlines, which issue the frequent flyer miles, essentially have complete control over their value and the abrupt changes in the value.