So, in the meanwhile the Dutch court declared Bitcoin as 'legitimate transferrable value'. Good news! I'm proud of this tiny country ;-)
The court ruled in favour of a plaintiff who was owed 0.591 BTC, according to a court document published March 20 (in Dutch).
It seems that we're taking small steps towards regulation/legislation here. Although at the G20 nothing concrete was said...
I am curious how this will set a precedent for future cases and the recognition of Bitcoin and crypto in general as a currency or a separate asset class.
Dutch windmills - Image Source
Sources:
- https://cointelegraph.com/news/dutch-court-finds-bitcoin-a-legitimate-transferable-value
- https://thenextweb.com/hardfork/2018/03/22/bitcoin-dutch-court-value/
- And something extra for the Dutch: https://www.iex.nl/Crypto/276698/Rechtbank-Amsterdam-Bitcoins-zijn-waarde-bestanden.aspx
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Disclaimer: I am not a financial advisor, trader or developer. I am just a blockchain & cryptocurrencies enthusiast. Make sure you do your own research, draw your own conclusions and do not invest any money that you cannot afford to lose.
That's a great news! It's nice that Dutch Court came forward with this decision. It gives opportunity for other countries to reconsider and identify Bitcoin as an asset. 👍
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Fantastic news! The good news does not seem to get as much press as the fud (womp-womp as @evileddy likes to call it) but that works.
I am okay with slow and steady progress because I feel I haven't amassed a legitimate portfolio yet. Thanks for reporting this!
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It is small step into the good direction. I'm a truly believer of some kind of regulation for the cryptomarket. This would increase the trust of the non investors and would attract a lot of much needed extra fiat money.
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Leuk zo'n uitspraak. Maar uiteindelijk heeft de schuld eiser nog steeds niets
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Woww genial todos los países deberían tomar este ejemplo para que el bitcoin sea una moneda transferible legitima, gracias por el post :D
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Good share @cryptotem
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