French Court Moves the BTC Chess Piece — How Will Regulators Respond?The Commercial Court of Nanterre’s Feb. 26 ruling that (BTC) is a fungible, intangible asset sent some ripples through the French crypto community, and beyond. This may seem surprising, given that this was a lower court decision and, moreover, one that did not declare BTC a currency or fiat money — as some news stories reported — but just a fungible asset like money.
The ruling is “an important milestone for further development of the crypto market, particularly in France,” Roman Matkovskyy — associate professor at the Rennes School of Business — told Cointelegraph.
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