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Economist Argues Bitcoin Isn’t Real Money in Miami Money Laundering Case

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An evidence being presented in an American courtroom will alarm many common clarity observers: bitcoin isn’t genuine money, so someone indicted of laundering it shouldn’t be convicted of income laundering.

This is a evidence that attorneys are regulating in seeking a Florida decider to boot income laundering charges opposite Michell Espinoza, a Miami male who military contend sole and laundered $1,500 value of bitcoins to clandestine detectives, according to The Miami Herald.

Economics Professor Testifies

Charles Evans, an economics highbrow during Barry University, behaving as a invulnerability witness, told a justice no executive supervision or bank backs bitcoin, law of bitcoin varies by jurisdiction, and a IRS considers bitcoin trades a same as bartering. Evans called bitcoin “poker chips that people are peaceful to buy from you.” The highbrow was paid $3,000 value of bitcoins for his appearance.

Espinoza’s lawyers, Prieto and Rene Palomino, wish a charges discharged given bitcoin

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