Judge in laundering case: Bitcoin isn’t genuine money

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Bitcoins might be profitable in tech circles, though to a decider in Miami-Dade County, a practical income is zero some-more than shade currency. On Monday, Judge Teresa Mary Pooler rejected transgression charges opposite website engineer Michell Espinoza, who had been indicted of transmitting and laundering $1,500 in bitcoins—an impossible-to-prove assign given bitcoin isn’t tangible “tangible wealth” that can “be dark underneath a mattress like income and bullion bars,” per a Miami Herald.

Espinoza had allegedly eliminated a bitcoins to clandestine detectives for cash, a Washington Post reports; a detectives pronounced they were going to dip adult stolen credit-card numbers with them.

The paper explains how Florida law forbids exchanging income for “illicit” activity such as a credit label rascal Espinoza was indicted of perplexing to abet. But in her eight-page ruling, Pooler remarkable that while she couldn’t “accurately conclude or report Bitcoin”—and also couldn’t repudiate that in some (but not all) resources it could be “exchanged for equipment of value,” like money—neither could she hold that it was tangible money, digest a charges opposite Espinoza moot.

Quartz records how Pooler isn’t a usually one confused about how to specify bitcoin, with the


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