Published On: Mon, Jul 25th, 2016

Miami Judge Rules Bitcoin Is Not Money; Dismisses Money Laundering, Transmitting Charges

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Miami-Dade Circuit Judge Teresa Pooler has dismissed a money-laundering case involving an alleged “illegal sale” of bitcoins, after declaring that under the laws of the state, the digital currency is not considered to be a form of money.Defendant Michell Espinoza was arrested after being accused of selling bitcoins to undercover detectives who told him that they were interested in purchasing $1,500 worth of bitcoins in order to obtain robbed credit card numbers.Florida law enforcement charged Espinoza with one count of operating as an unauthorized money transmitter and one count of money laundering. A second man, Pascal Reid, …

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