Bitcoin not money, US judge rules in victory for backers - News Summed Up

Bitcoin not money, US judge rules in victory for backers


"It may have an effect as some states are trying to use existing money transmitting statutes to regulate certain transactions in bitcoin," Long told AFP. (AFP photo)NEW YORK - Bitcoin, a Florida judge says, is not real money. She added that "this court is not an expert in economics," but that bitcoin "has a long way to go before it is the equivalent of money." "This decision clears the way for you to do that in the state of the Florida without a money transmitting license." This year Australian programmer Craig Wright claimed to be the author but failed to convince the broader bitcoin community.


Source: Bangkok Post August 06, 2016 02:26 UTC



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