South Korean Court Rules Bitcoin Has Economic Value647.05

A South Korean court has ruled that bitcoin has an economic value for the first time. The Suwon District Court in South Korea has, for the first time, recognized that bitcoin has an economic value and can be confiscated, local media reported on Tuesday. In September of last year, the court did not recognize bitcoin and ruled that it could not be confiscated, as news. An official from the court explained that they did not judge bitcoin to have any economic value because it is "In the form of electronic files without physical entities, unlike cash."
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