At least within the EU, the debate about Bitcoin is over. It is officially a currency. The US continues to treat it as a tradeable asset, which is a less clear definition. Considering the fact that banks, hedge funds, and people are using Bitcoin to trade, and to buy, and to invest in, the EU has taken the simple and pragmatic approach to accept the new normal – even if it wasn’t defined or created by any government or sovereign entity. People have now demonstrated the ability to act like an institution without an institution.
(Click on the photo for the link.)