There is a great deal of debate about
whether Bitcoin is a currency. The Merriam-Webster Dictionary defines
currency as:
- Circulation as
a medium of exchange
- General use, acceptance, or prevalence
- The quality or
state of being present
- Something
(like coins, treasury notes, and banknotes) that is in circulation as a
medium of exchange
- Paper money in circulation
- A comment
article used for barter
- A medium of
verbal or intellectual expression
The official definition of currency may
leave you more confused about whether Bitcoin is a currency or something else.
After all, it certainly meets some of the characteristics in the definition,
but not others.
In September 2015, the
Commodity Futures Trading Commission (CFTC) in the 
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