In what comes as yet another significant assent solidifying the narrative of bitcoin (BTC) as a legitimate medium of payment, a federal court in the U.S. ruled that the premier cryptocurrency is a form of “money” covered under the Washington D.C. Money Transmitters Act (MTA). However, crypto bulls should not keep their hopes too high.
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Source: Court Rules Bitcoin Is a Form of “Money” Under Washington D.C. Money Transmitters Act