French court classifies bitcoin loans as consumer loans

France
On the 03.04.20 at 7:49AM

by

Pauline Armandet

In a historic decision for the cryptosphere, the Nanterre commercial court has ruled that bitcoin is a fungible intangible asset, just like fiat money.

In a verdict handed down on Wednesday, 26 February, the Nanterre Commercial Court ruled that bitcoin loans were consumer loans, and that bitcoin is therefore a fungible intangible asset, just like fiat money.

Sign in

Get free access

Sign in