Post
Topic
Board Economics
Re: A Federal judge in new York has not recognized bitcoin as money
by
Sniper44
on 28/04/2017, 15:00:44 UTC
the definition that Bitcoin does not fall under the definition of money. Instead, the judge Hugh B. Scott ruled that Bitcoin is more like a commodity.

is this news?!
i am not living in US but last time i was checking different laws in different countries i remember that i saw bitcoin is listed in US as a commodity already. and this happened back in 2010 or maybe even older. that is why i am surprised you are representing this as a news today!

-snip-
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).
it is not exactly regulation, but it is already decided years ago that bitcoin is a commodity according to laws of US.