The Federal court in the United States recognized bitcoin as money

July 26, 2020 1716

Chief judge of the district court of the district of Columbia beryl Howell said that bitcoin is a form of money and is subject to money laundering legislation.

The ruling allowed the court not to drop charges against Coin Ninja CEO Larry den Harmon, who was arrested in February. He is charged with three counts:

  • laundering about $311 million through the helix coin mixing service it owns;
  • managing an unlicensed money transfer business;
  • involvement in illegal money transfer activities.

The judge noted that the concept of money "usually means a means of circulation, a method of payment or a means of saving".

"Bitcoin is these things," she said.

Recall that back in 2018, the head of the us exchange and securities Commission (SEC) Jay Clayton stressed that bitcoin can replace the dollar, yen or Euro, so it can not be attributed to securities.