Bitcoin May Be Recognized As Money In The USA



Currently, the legislation that accepts Bitcoin as money is being drafted. This event could be a consequence of Florida court dismissing charges against Florida-based bitcoin reseller, due to not considering Bitcoin as money.

Senator Dorothy Hukill said that it’s crucial to understand how to regulate such substance as Bitcoin, so the authorities could be provided with an ability to protect its constituents. Hukill’s office aims to submit a bill after the election day in early 2017, as some sections of the bill still are in development.

Today many states are already moving towards any kind of regulation for Bitcoin, for the same reason Hukill explained. So in the nearest future, we could expect some movement in this area.


mm – leading Bitcoin News source since 2012

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest.