Saturday, April 27, 2024
Home > News > Bitcoin News > Bitcoin Is a Form of Money, DC Federal Court Rules

Bitcoin Is a Form of Money, DC Federal Court Rules

Bitcoin is a form of “money” covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday.

Update (July 24, 17:13 UTC): This article has been updated with a comment from Coin Center.
Update (July 24, 17:29 UTC): This article has been updated with background information on U.S. v. Harmon.

Disclosure

The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Source