Post
Topic
Board Altcoin Discussion
Re: This could be a big WIN for an entire crpyto community
by
fortunecrypto
on 28/07/2020, 17:15:25 UTC
Court Rules Bitcoin Is a Form of “Money” Under Washington D.C. Money Transmitters Act
https://btcmanager.com/court-rules-bitcoin-money-washington-dc-money-transmitters-act/




IMO, this news could be huge news for the entire crypto community I think this will bring us one step closer to mass adoption. What do guys think?

Can this ruling applied to other court cases outside of Washington DC, because it is clearly stated in the article
Quote
Peter Van Valkenburgh, director of research at Washington-based crypto and blockchain-focused non-profit Coin Center said the district court’s ruling means that bitcoin is treated as money only in the context of D.C.’s money transmission law.
I don't think it can be applied to other countries with similar cases it goes down on how the jury or judge appreciates the value of Cryptocurrency.