In Rejecting Bitcoin as Money, Florida Court Sets Likely Precedent

In Rejecting Bitcoin as Money, Florida Court Sets Likely Precedent

A Miami judge has dismissed charges against a Florida-based bitcoin seller after he was indicted in 2014 on illegal money transmission and money laundering charges. Judge Teresa Mary Pooler sided with the defense's argument that bitcoin doesn't constitute a form of money within the confines of Florida’s legal system, stating in a ruling issued today that Michell Espinoza doesn't qualify as a money transmitter as argued by the prosecution. The case was tried in the Eleventh Judicial Circuit of Florida. Observers say that the ruling exposes how state statutes don’t account for bitcoin and....


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