Express

Federal Court Defines Bitcoin As Money To Pursue Money Laundering Case

Emily Mason

Summary: A federal court has ruled that Bitcoin is a form of money, according to case documents. Chief Judge Beryl A. Howell described money as something used for payments, storing value, or exchanging goods and services. He concluded that under this definition Bitcoin is a form of money.  This conclusion allowed the court to prosecute the ...

A federal court has ruled that Bitcoin is a form of money, according to case documents.

Chief Judge Beryl A. Howell described money as something used for payments, storing value, or exchanging goods and services. He concluded that under this definition Bitcoin is a form of money. 

This conclusion allowed the court to prosecute the operator of an unlicensed Bitcoin transmission platform for money laundering using the Money Transmitters Act.

By Emily Mason

Last Update:

Tags: ,,
Link: Federal Court Defines Bitcoin As Money To Pursue Money Laundering Case   [Copy]
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 3 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 20 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 24 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? September 16, 2025
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • You need to login to comment.