The ruling, the result of a dispute between Bitcoin marketplace Paymium and crypto investment firm BitSpread, could benefit the French crypto market.
A French court has ruled that Bitcoin is money, for the first time.
The result of the ruling could lead to more action in the French Bitcoin market.
It’s the first time a French court has issued such a ruling, according to French publication Les Echos.
The ruling came from a dispute between French Bitcoin marketplace Paymium and crypto investment company BitSpread. Paymium had loaned BitSpread 1,000 Bitcoin in 2014. But in 2017, Bitcoin forked into Bitcoin Cash.