A Dutch court classifies Bitcoin as a “transferable value” after the court ruled in favor of a plaintiff who was owed 0.591 Bitcoins (BTC), according to a court document published March 20.
The claim was filed in a Dutch court by Mr. J.W. de Vries on February 2nd, 2018, against Koinz Trading BV, a non-public company, which was previously ordered by a lower court of Midden-Nederland to pay mining proceeds in the amount of 0.591 BTC owed to the petitioner, or a penalty payment up to a €10,000 maximum.
As a consequence of the company’s failure to comply with its obligations to pay the required volume in BTC, the court ordered that the company either pay up or be declared insolvent.
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