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    The Federal Court in Washington DC ruled that Bitcoin is a form of money

    The Federal Court in Washington DC ruled that Bitcoin is a form of money. The Federal Court declared Friday that Bitcoin is a form of “money” covered by theWashington DC Remittance Act. In the case of United States v. Larry Harmon, Chief Justice Beryl A. Howell, wrote thatmoney “generally means a means of exchange, a method of payment or a store ofvalue”. “Bitcoin is these things,” added Justice Howell. The definition of Bitcoin ascurrency is part of the Court’s decision not to drop criminal charges against LarryHarmon, former Dropbit CEO, who is accused of money laundering activities underfederal law.