28 Jun '16, 9pm

Is Bitcoin Money? Florida Judge to Decide - American Banker

Is Bitcoin Money? Florida Judge to Decide - American Banker

Is Bitcoin Money? Florida Judge to Decide By Lalita Clozel June 28, 2016 Twitter LinkedIn Facebook Google + Email Comments Print Reprints The Florida case highlights a conundrum that has confused digital currency companies and state regulators alike: how to deal with a digital asset that is not a legal tender but can still hold value. IMAGE: Adobe Stock Related Banks Are 'Grabbing in the Dark': Blockchain/Bitcoin VC Draper Gold-Backed Digital Currency Ditches the Blockchain Why Bitcoin 'Stinks' for Money Laundering WASHINGTON — Whether bitcoin is actual currency is at the forefront of a first-of-its-kind money-laundering case in Florida to be decided Friday. In February 2014, Michel Espinoza was arrested in a Miami Beach motel for agreeing to sell $30,000 worth of bitcoin to an undercover police officer he had met on an exchange site called LocalBitcoins.com. Prosecutors c...

Full article: http://www.americanbanker.com/news/bank-technology/is-bit...

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