Bitcoin Is Not Currency, According to Jewish Law

#bitcoin Is Not Currency, According to Jewish Law

  • 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.

Read the full article, click here.


@bitcoinagile: “#bitcoin Is Not Currency, According to Jewish Law”


It’s not kosher, but it’s complicated.


Bitcoin Is Not Currency, According to Jewish Law

Bitcoin Is Not Currency, According to Jewish Law

Bitcoin is not currency, according to Jewish law:

  • 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.

Read the full article, click here.


@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