Dutch court rules that Bitcoin is a legitimate ‘transferable value’

Mar22

by Sindy Cator on March 22, 2018 at 2:59 pm

Posted In: Around the Web, cryptocurrency, Hard Fork

A Dutch court has ruled in favor of a petitioner who was owed 0.591 BTC by a private company. Significantly, the judgement classifies Bitcoin as a “transferable value” – a strong sign towards the mainstream adoption of cryptocurrencies. The petition was filed in a Dutch court by one Mr. JW de Vries on 2 February 2018 against Koinz Trading BV, a private company, who was earlier ordered by a lower court to pay the mining proceeds of 0.591 BTC owed to the petitioner or risk paying a fine of € 10,000. Following the failure of the company to pay the…