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Federal judge rules cryptocurrency can be regulated as commodity

March 28, 2018

Via: Jurist

Virtual currency, also known as cryptocurrency, can be regulated by federal agencies just like other commodities, according to a federal court order issued Tuesday.

Jack Weinstein, Senior US District Judge for the Eastern District of New York, wrote that virtual currency, such as bitcoin, is “an important nationally and internationally traded commodity, is tendered for payment for debts, although, unlike United States currency, it is not legal tender that must be accepted.

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