Home / Bitcoin & Blockchain Investments / Bitcoin is Gaining Legitimacy in Europe as Dutch Court Deems it Transferable Value

Bitcoin is Gaining Legitimacy in Europe as Dutch Court Deems it Transferable Value

Earlier this week, a Dutch court described bitcoin as a transferable value during a case that requested Koinz Trading BV to pay mining proceeds worth $5,000, or 0.591. The court explicitly stated that property rights apply to bitcoin, given that as a cryptocurrency, it is able to transfer value in a peer-to-peer manner. The court

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