That would truly sound frightening hearing that news on 2014 or 2015. What I've learned from this article is to first register myself if ever I want to transact bitcoin in exchange for fiat or any commodity, unless deemed by our own government as a legal currency just like what Japan did recently. Am I right about this?
The fact that Bitcoin is not considered legal currency does not protect you from money transmitting laws. The law itself does not define money, and in many court cases, Transmitting Bitcoin is equal to transmitting money.
Actually, everything in law is defined, even money. There is Black's Law Dictionary and Bouvier's where you can look up legal definitions.
Educate yourself. You know much less than you think you do.
I am talking about a specific law, not general law. Money transmitting laws, does not need money to be defined for charges to take place. There are numerous cases already where the definition of money had no impact on court proceedings considering the transmission of Bitcoin.
We're past the point where the law as written really matters anyway. Nowadays, the law is what they tell us it is.