[2014-08-23] U.S. District Judge Thinks Bitcoin Qualifies as ‘Money’, ‘Funds’

[epere]

http://www.pfhub.com/u-s-district-judge-thinks-bitcoin-qualifies-as-money-funds-1081/

A U.S. District Judge in a case involving a Florida man, Robert Faiella, allegedly participating in a scheme to sell approximately $1 million worth of bitcoins to Silk Road users is making headlines in the bitcoin community.

During the case, prosecutors requested that the New York federal judge dismiss one of two counts placed against Faiella: operating an unlicensed money transmitting business. The reason for this is that prosecutors do not qualify digital currency as money.

[gmx95]

Its interesting to read something like that. Just recently the tax office in Australia has declared that bitcoin is not a currency. This opinion seems to be directly opposite and can have different implications for the US bitcoin industry. In my opinion, logic suggests that bitcoin is a currency.