💠💠💠 A French commercial court recognized Bitcoin as a currency. Now Bitcoin can be considered as legal money in France.
According to a report by the local news outlet, Les Echos, on Thursday, March 5, 2020, the Commercial Court of Nanterre classified Bitcoin as a “fungible intangible asset” just like fiat currency.
Commenting on the court’s judgment, Hubert de Vauplane a lawyer, said:
“The scope of this decision is significant because it allows Bitcoin to be treated like money or other financial instruments. It will, therefore, facilitate Bitcoin transactions, such as lending or repo transactions, which are growing, and thus favor the liquidity of the
cryptocurrency market. ” 💠💠💠
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