https://bitcoinmagazine.com/articles/south-korean-supreme-court-rules-bitcoin-asset/ I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.
Considering bitcoin as a currency is like considering it as an asset my friend.
Even your money on hand or petty cashes on your company and business is considered as an asset. Assets are also used for transactions in exchange for another asset or paying a debt/liability.
The only difference is when the government stated that it is a recognizable asset it will be subjected to tax, but still depends on the present taxation in your country.