- According to Jewish law, bitcoin, like foreign money, is more of a commodity than a currency, he said.
- According to Jewish law, if something has value it can be considered currency.
- It seems as if bitcoin is more akin to merchandise, where the issue of usury comes up.
- “Practically, that means if you borrow bitcoins from someone, you need to return the value of the bitcoins you borrowed, not actual bitcoins,” said Shurpin.
- As if the concept of bitcoin didn’t already have some of us scratching our heads, now it turns out that according to Jewish law, it’s not even kosher currency.
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@motherboard: “Bitcoin is not currency, according to Jewish law:”
It’s not kosher, but it’s complicated.
Bitcoin Is Not Currency, According to Jewish Law