Bitcoin faced an intriguing precedent when it was accepted by a New South Wales court as collateral. Bitcoin Accepted as Collateral in Court Case BTC can be used to serve a security function, pronounced Judge Judith Gibson of the New South Wales District Court. The Judge accepted that collateral can be paid in BTC, with monthly reports to warn about volatility. The Judge accepted the proposal for a $20,000 collateral to be securitized with BTC. […]
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