Bitcoin: ‘property’ or ‘currency’ a 1.3m US dollar question?


US bankruptcy case where Trustee for failed company HashFast is seeking 3000 bitcoins back from Lowe (who was a promoter of HashFast). If Trustee is successful in proving bitcoin is a commodity and or property then the bitcoins themselves will need to be returned back. However if bitcoins are deemed to be currency then Lowe only has to return the same value in USD at the time the bitcoins were received. At this stage in the hearing, US Bankruptcy Judge Dennis Montali seems to be siding with the Trustee.