Quote from: pinkflower on April 27, 2017, 07:19:13 AM

It depends on what position youre in. Some want BTC to be defined as a currency so that it will become a legitimate and a valid form of money.

It will be entirely true. If bitcoin will be defined as a currency, That means bitcoin has filled the legal aspect. There is no doubt for everyone to adopt bitcoin as a currency.

Quote from: pinkflower on April 27, 2017, 07:19:13 AM

The courts at present arent ready to handle cases that involves BTC because the definition itself is so open to interpretation.

Especially there is no regulation about bitcoin, The courts will take a single perspective about the definition of bitcoin itself. In this side, Crypto is needed a regulation (to secure the users).