California Bankruptcy Court To Decide Whether Bitcoin Is A Currency Or Commodity
“(1) determining that for purposes of section 550(a) of the Bankruptcy Code the 3,000 bitcoin transferred to Defendant constitute a commodity, not currency, and (2) directing that if the subject transfers are avoided the estate is entitled to either ...
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Move Over, Bitcoin: China Wants to Issue Its Own Digital Currency
In December 2013, Beijing moved to curtail the growth of Bitcoin, barring Chinese banks and financial institutions from treating Bitcoins as currency. The bank cited concerns over potential money laundering and financial stability as the rationale for ...
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How China's Plans to Launch Its Own Currency Might Affect Bitcoin
This is the exact opposite of what digital currency was supposed to be. When Satoshi released Bitcoin, I wonder now if he knew this would be the outcome. This looks like a push towards a cashless one-world currency reminiscent of the book of revelations.
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