The legal ruling is in: Bitcoin is real money.
Ruling in a case heard in the U.S. Eastern District Court inTexas, Judge Amos L. Mazzant emphatically ruled that the Bitcoin virtual currency is in fact realmoney.
Wrote Mazzant: “It is clear that Bitcoin can be used as money. It can be used to purchase goodsor services, and … used to pay for individual living expenses. Theonly limitation of Bitcoin is that it is limited to those placesthat accept it as currency. However, it can also be exchanged forconventional currencies, such as the U.S. dollar, Euro, Yen andYuan. Therefore, Bitcoin is a currency or form of money,”
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