State of Florida Appeals “Bitcoin is Not Money” Verdict – The Merkle

A internal Florida Bitcoin seller recently saw all charges opposite him discharged by a judge. That seemed rather strange, deliberation Michell Espinoza was underneath review for income laundering and unlawful income transmission. However, a decider ruled. Bitcoin is not money. The state of Florida is now appealing that decision, and this box will drag on for utterly some time.

Michell Espinoza Is Not Off The Hook Yet

Back in 2014, when Espinoza was arrested for income laundering and unlawful money transmission regulating Bitcoin, a charges seemed flattering solid. Unfortunately for a government, a outcome was really opposite from what they had hoped. Judge Teresa Mary Pooler ruled Bitcoin is not money. Hence Espinoza did zero bootleg by clarification of a law.

Pooler shielded her preference by arguing how formidable it is to quantify Bitcoin these days. It is not money, a commodity, or currency. But during a same time, it presents a value that can be eliminated to anyone in a world. Moreover, a charges opposite Espinoza were, in her words, “vaguely written”.She did not wish to send a potentially trusting male to jail for a crime that is theme to some-more questions than answers.