4 ms·
declaring Bitcoin as currency is too narrow. FYI there's dozens of other digital currencies, collectively termed altcoins, such as litecoin and ripplecoin. See
by hahame 13y ago
declaring Bitcoin as currency is too narrow. FYI there's dozens of other digital currencies, collectively termed altcoins, such as litecoin and ripplecoin. See http://www.cryptocoincharts.info http://www.cryptocoincharts.info. Anyone is also able to create their own blockchain.
- dragonwriter 13y ago> declaring Bitcoin as currency is too narrow. Courts deal with the issues in the cases before them. The relevant issue in this case was whether an investment sold for bitcoin involved a transaction of "money" for purposes of the Exchange Act of 1934, making it subject to various securities-related rules. The status of other altcoins (or even bitcoin's status as "currency" in any sense other than the specific context of the Exchange Act) was not an issue before the court.