Washington DC recognizes bitcoin as money

A court in Washington DC, United States, recognized bitcoin as a form of money, under the Money Transmitters Act.

In this way, the court refused to dismiss the criminal charges against Larry Dean Harmon, former CEO of Dropbit, accused of selling illicit drugs on the darknet, money laundering and offering unlicensed money transfer services.

This is how Beryl A. Howell, chief judge of said court, indicated that money is generally known as a “medium of exchange, payment method or deposit of value” and that thanks to this, bitcoin can enter into this range of explanation.

The legal and judicial debate on whether bitcoin is money or not is long-standing within the history of cryptocurrency and there are numerous rulings and laws on the matter worldwide.

K. Tovar

Source: agencies