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The Bitcoin community disagrees on what happens next

The US Internal Revenue Service thinks bitcoin is property; a federal judge thinks it's a currency

Bloomberg 

What is Bitcoin? Is it property, something to be owned? Is it a currency, something to be spent? Or is it a commodity, defined by Webster's Dictionary as "any useful thing," and/or "anything bought and sold; any article of commerce." The US Internal Revenue Service thinks bitcoin is property; a federal judge thinks it's a currency; now the Commodity Futures Trading Commission (CFTC) has decreed it a commodity. That means the regulator can now bring charges against any wrongdoers trading cryptocurrency futures and options. In a statement, the CTFC's ...

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First Published: Sat, September 19 2015. 21:15 IST
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