RE: Bitcoin not money, Miami judge rules in dismissing laundering charges

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Bitcoin not money, Miami judge rules in dismissing laundering charges

in bitcoin •  8 years ago 

Well it certainly isn't bad news :) - less regulations, "money laundering" cases that involve bitcoin transactions now can't be treated as money laundering since bitcoin isn't money :) and also new cases that will appear can now lean on this ruling which is great.

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This will only be true once the decision comes from a Federal Supreme Court and is upheld as constitutional. As of right now, it's only proven that one jurisdiction has gave credence to this interpretation of the law.

  ·  8 years ago (edited)

But could they still refer to this case in other jurisdictions or will that currently only be applicable in Miami (Florida)?

It's a state court it has no bearing on federal cases at all.