Home All Stories A Florida judge has ruled that Bitcoin isn’t money

A Florida judge has ruled that Bitcoin isn’t money

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Bitcoin ruled not currency by Florida judge
Photo credit Antana under Creative Commons license.

TechCrunch reports “Ever since it moved into the mainstream Bitcoin has had a bit of an identity crisis.

Mainly because no one is really sure whether it should be considered money or property. The IRS says it’s property for tax purposes, the Commodity Futures Trading Commission says it’s a commodity, and most Bitcoin advocates like to say it’s the world’s most advanced currency.

However, today one Florida judge ruled it was property, strengthening that argument and potentially setting precedent in future Bitcoin-related court cases.” Read More

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