Bitcoin is money, US decider says in box tied to JPMorgan hack

Btchain


NEW YORK Bitcoin qualifies as money, a sovereign decider ruled on Monday, in a preference associated to a rapist box over hacking attacks opposite JPMorgan Chase Co and other companies.

U.S. District Judge Alison Nathan in Manhattan deserted a bid by Anthony Murgio to boot dual charges associated to his purported operation of Coin.mx, that prosecutors have called an unlawful bitcoin exchange.

Murgio had argued that bitcoin did not validate as “funds” underneath a sovereign law prohibiting a operation of unlawful income transmitting businesses.

But a judge, like her co-worker Jed Rakoff in an separate 2014 case, pronounced a practical banking met that definition.

“Bitcoins are supports within a plain definition of that term,” Nathan wrote. “Bitcoins can be supposed as a remuneration for products and services or bought directly from an sell with a bank account. They therefore duty as financial resources and are used as a middle of sell and a means of payment.”

The preference did not residence 6 other rapist depends that Murgio faces, Nathan wrote.

Lawyers for Murgio did not immediately respond to requests


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