Is bitcoin a currency or commodity

Crypto+ bitcoin currency or commodity | Official

BitCoin is a decentralized digital currency that can be exchanged for goods and services in lieu of traditional payment options like credit cards, bank-to-bank.The Commodity Futures Trading Commission (CFTC) announced on Thursday.But with the price of bitcoin up more than 1,600 percent and the Bitcoin Investment Trust (OTC.

Kubera | Bitcoin, a currency or a commodity?

The bank governor argued that Bitcoin does not meet the existing definition of currency because it is not supported by a government or central bank.In fact, as of September of this year, Bitcoin is now classified as a commodity in the U.S., putting it in the category of gold and oil as opposed to ordinary currency.

Crypto+ bitcoin currency or commodity | howTo

Bitcoin is a commodity. : Bitcoin - reddit

Cryptocurrency has come a long way since Bitcoin burst on to the scene all the way back in 2009.Regulating Bitcoin: Cryptocurrency, commodity or. alternative to a traditional currency or a commodity with a use value.Referring to bitcoin as a currency is a risky move at the moment.

Is BTC a currency or a commodity? - Bitcoin Network, News

What Do You Think Bitcoin Is: Commodity, Currency

Bitcoin can be classified as a currency as it can be used as an medium of exchange or classified as an commodity given its speculative and volatile nature. What.Bitcoin was designed to be a quick way to settle transactions—a digital currency to use like any other.

Bitcoin is now officially a commodity according to U.S. regulators, Bloomberg Business reports.

Is Bitcoin the future of currency, or just a commodity bubble?

Commodity values can surge — although usually not like this — and while commodities can be bartered, in general they are not used as currencies.Lowe, a bankruptcy court in San Francisco is being asked to determine whether bitcoin should be treated as a commodity or as U.S. currency.For the first time, a federal judge has upheld that Bitcoin and other cryptocurrencies are commodities and thus subject to regulation by the U.S. Commodity Futures.The US Commodity Futures Trading Commission (CFTC) has officially recognized Bitcoin has a commodity, offering yet further recognition for the emerging digital currency.

The CRA, for example, recognizes Bitcoin as a digital currency but considers it a commodity instead of a currency for Canadian tax purposes.

South Korea’s Central Bank Chief: Bitcoin is a Commodity

The true issue is not whether bitcoin is a currency or commodity, but rather whether bitcoin is US currency or not.

Banco de Mexico Governor: Bitcoin is Commodity Rather than

The considerable diffusion of bitcoins over the Internet that took place in the last two years has highlighted some important issue about the use of anonym tool.As I have noted with my earlier posts on crypto currencies, in general, and bitcoin, in particular, I find myself disagreeing with both its most virulent critic.

Bitcoin an official commodity: US trade commission | ZDNet