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Bitcoin was recognized as money in the US

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1 week ago

The government court in the United States perceived bitcoin as cash

Boss Justice of the District Court for the District of Columbia, Beryl Howell, expressed that bitcoin is a type of cash and is dependent upon illegal tax avoidance laws.

The decision permitted the court not to drop charges against Coin Ninja CEO Larry Dean Harmon, who was captured in February. He is accused of three tallies:

- washing about $ 311 million through his Helix coin blending administration;

- dealing with an unlicensed cash move business;

- association in criminal operations for the exchange of assets.

The adjudicator noticed that cash "generally implies a vehicle of trade, a strategy for installment or a store of significant worth."

"Bitcoin is these things," she said.

Review that in 2018, the top of the US Securities and Exchange Commission (SEC) Jay Clayton focused on that bitcoin can supplant the dollar, yen or euro, so it can't be delegated protections.

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