Bitcoin recognized as money by French court

posted 11 months ago
The Commercial Court of France issued a ruling recognizing Bitcoin as currency. The court’s decision forms the first legal basis for the classification of cryptos as currency in France.

Hubert de Vauplane of Kramer Levin law firm spoke regarding this: “The scope of this decision is considerable because it allows bitcoin to be treated like money or other financial instruments. It will therefore facilitate bitcoin transactions, such as lending or repo transactions, which are growing, and thus favor the liquidity of the cryptocurrency market.”
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