Bitcoin: Currency, property, commodity
Q. Which of the following statements is/are correct about bitcoin?
1. The Internal Revenue Service considers bitcoin as currency.
2. Federal judge considers bitcoin as property.- Published on 22 Dec 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: None
- The Internal Revenue Service considers bitcoin as property.
- Federal judge considers bitcoin as currency.
- Commodity Futures Trading Commission has decreed Bitcoin is a commodity
- Bitcoin refers to a kind of digital currency where encryption techniques are used for regulation of generation of units of currency and verification of the transfer of funds, operating independently of a central bank.
