French Authority Made Bitcoin A Legal Form Of Money
Bitcoin becomes the legal form of money in France, reported on 06 March 2020.
According to the report, The French Court acknowledged the Bitcoin in February while doing a decision regarding cryptocurrencies that was made public today.
Basically, the Commercial Court of Nanterre was made the aforementioned verdict in which BTC was acknowledged to be a fungible intangible asset that regarding same as a fiat currency has.
A lawyer Hubert de Vauplane from Kramer & Levin reported that Bitcoin can be legally used as money after this decision came out. So there is the possibility that it should heavily increase the number of Bitcoin transactions in France regarding lending, trading, repo, etc, and, thus, turn the crypto market into a more liquid one.
Yesterday, The amendment to the Special Reporting Act passed in South Korea by which cryptocurrency becomes fully legal in the country
Earlier this month, The Supreme Court of India has made a great decision today. The Reserve Bank of India (RBI) ban on Bitcoin and cryptocurrency trading has been uplifted.
Previously, Germany Officially Announced Cryptocurrency as Financial asset.
