Post
Topic
Board Economics
Re: Is Bitcoin Money or Currency
by
Lucas Riley
on 07/05/2018, 12:33:11 UTC
mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
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cur·ren·cy read as ˈkərənsē (noun)


-a system of money in general use in a particular country.

So, is bitcoin money or currency?

I think there is on overlap for sure.

You can see it with the regulatory confusion.

CFTC - class it as a commodity
Fincen - class it as a currency
IRS - class it as property
SEC - security (basically a company)