22 Feb '16, 6am

Bitcoin Is Property And Not Cash In 'Clawback' Action, Bankruptcy Judge Rules - CryptoCoinsNews

Bitcoin’s dual role as a commodity and a currency can create financial recovery disputes when a company that pays for services using bitcoin goes bankrupt. A bankruptcy court judge made a ruling on Friday in one such case, stating that the cryptocurrency is not the same as U.S. currency, but making it clear that he wanted the ruling confined to a specific legal framework, according to The Recorder , a California legal and technology newspaper.

Full article: https://www.cryptocoinsnews.com/bitcoin-property-not-cash...

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