NEW YORK: Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies.U.S. "Bitcoins are funds within the plain meaning of that term," Nathan wrote. "Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. They therefore function as pecuniary resources and are used as a medium of exchange and a means of payment. He hired new lawyers last month and is seeking permission to replace lawyers who joined the case in June, a Monday court filing showed.The case is U.S. v Murgio et al, U.S. District Court, Southern District of New York, No.

Source: The Star September 19, 2016 22:07 UTC