Bitcoin Is Real Money, Judge Rules in JP Morgan Hack

Btchain

Bitcoin qualifies as money, a sovereign decider ruled Monday, in a preference associated to a rapist box over hacking attacks opposite J.P. Morgan Chase 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.

Brian Klein, a counsel for Murgio, pronounced he disagreed with a decision.

“Anthony Murgio maintains his ignorance and looks brazen to clearing his name during his arriving trial,” he added.

Prosecutors final year charged Murgio over a operation of


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