BTCS Inc (BTCS): A federal judge in New York has ruled th...

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Tuesday, 09/20/2016 8:16:54 AM

Tuesday, September 20, 2016 8:16:54 AM

A federal judge in New York has ruled that bitcoin (COIN, OTCQB:BTCS) constitutes a form of money.

The ruling comes from the ongoing case involving the now-defunct bitcoin exchange Coin.mx and one of its former operators.

Anthony Murgio, who was indicted for money laundering, sought to dismiss the charges against him in part by arguing that bitcoins don't count as "funds" in the context of U.S. law.

http://seekingalpha.com/news/3209692-federal-judge-rules-bitcoin-money

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