New Ruling Classifying Bitcoin as ‘Money’ Isn't Anything Special

Cointelegraph

Published Jul 24, 2020 05:16PM ET

Updated Jul 25, 2020 07:20PM ET

A recent Washington D.C. court case saw a man prosecuted on multiple counts for running a Bitcoin (BTC) tumbler — a method of hiding Bitcoin transactions.

The court charged the defendant on three counts back in December 2019, including operating an unlicensed money transmitting business, as a July 24 court document revealed.

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