Various countries are suddenly recognizing Bitcoin and other cryptocurrencies as legal tender. This is a development many people have been looking forward to, albeit the short-term price impact will probably be minimal. France is the latest country to throw its hat in the ring. France Seems to Welcome Bitcoin More specifically, the Commercial Court of Nanterre has decided thatBitcoin is effectively a currency. In its verdict, it was mentioned how Bitcoin is a fungible intangible asset, which provides a legal frame of reference for other cryptocurrencies as well. What makes this announcement so interesting is how no one really saw
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