Bitcoin has been called a fair few things in recent years, although hardly anyone labels it as ‘money’. One US District Judge strongly feels Bitcoin is a form of money. This decision will affect the charges against Anthony Murgio, who used to run the Coin.mx Bitcoin exchange.
Another Setback For The Former Coin.mx Operator
Having Bitcoin declared as money is the last thing Anthony Murgio wanted to hear. He tried to convince the federal judge on his case of how Bitcoin is not ‘money’ under federal law. If Bitcoin were to be labeled as money, he would face severe penalties for running an unlicensed exchange as a money transmitter.
Things aren’t looking that good for Murgio now that US District Judge Alison Nathan has labeled Bitcoin as money. It is not the first time a judge declares Bitcoin