Dutch Court Says Bitcoin Isn't Money, But a Medium of Exchange
A court in Overijssel, Netherland has said that bitcoin is not money, but rather a medium of exchange, according to a report from Tweakers. The conclusion comes from a case against a person who promised to pay a fee for the delivery of bitcoins, but says that only part of the bitcoins were actually supplied. According to a rough translation, the complainant paid 22,000 euros for 2750 bitcoin, but says he only received 990. Thereafter, the lawsuit was starts, and as such the definition of what money is came into question. (Given the amount that was to be paid in exchange for the amount of....
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