When will the United States recognize Bitcoin as legal? (US Federal Court recognizes Bitcoin)
When will the United States recognize Bitcoin as legal? According to CCN, it is
When will the United States recognize Bitcoin as legal? According to CCN, it is time to make it a legal asset in the United States. In August 2013, the US Securities and Exchange Commission (SEC) approved the application of the first cryptocurrency exchange, Coinbase. At the end of 2018, the institution officially released a report on the digital asset market. In the third quarter of 2018, the SEC passed a series of anti-money laundering regulations targeting ICOs. These regulatory provisions include cracking down on individuals and companies involved in illegal activities related to online payment methods, banking systems, and corporate law; imposing sanctions on organizations engaging in illegal activities using virtual currencies, among others.
The US Federal Court recognizes Bitcoin
According to news.bitcoin, the US Federal Court recognizes Bitcoin as a legal currency and payment method, stating that “cryptocurrencies cannot be considered as currency.” This ruling dismissed previous lawsuits that accused ICOs of violating antitrust laws. However, it is reported that on December 27th, 2018, Judge Charles Rettig of the Southern District of New York issued an order prohibiting banks from providing services to cryptocurrency exchanges or operating accounts for cryptocurrency trading companies. In addition, the court ruled that Bitfinex, Tether, and Circle have no legal liability for fraudulent activities towards these clients.
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