Dutch Court Declares Bitcoin Isn't Money in Civil Trial
A court in the Netherlands, has issued a ruling in a civil lawsuit that has potential implications for how bitcoin will be treated under Dutch law. Notably, the court in Overijssel found that bitcoin does not meet the definitions of "common money", "legal tender" or "electronic money", ultimately ruling that bitcoin is a medium of exchange akin to gold. The case could set a precedent in the Netherlands for similar lawsuits, as the ruling answers the question of what damages need to be assessed when an agreement to trade bitcoin is not fulfilled as promised. The court case centered on a....
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