By CCN.com:
A Manhattan federal judge will have to decide whether crypto is cash in
what would be a landmark decision for the budding industry. The ruling
would have major implications for what laws and regulations
cryptocurrencies are subject to.
Chase
Bank — the consumer and commercial banking subsidiary of JP Morgan
Chase — says crypto is just like cash because it’s a medium of exchange.
The only difference is that cryptocurrencies like bitcoin are digital,
Chase says.
Meanwhile,
a group of customers that are suing Chase over fees it charged on
crypto purchases contend that cryptocurrencies are goods — not cash.
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