Topic: [2016-07-31]Bitcoin is not money, rules Miami judge (Read 365 times)
Bitcoin is whatever you want it to be. If you prefer to use Bitcoin as money, then the currency aspect is what you need. If you prefer to use Bitcoin for investment purposes, then it's an investment tool. But saying Bitcoin isn't money just shows how little they know about this whole thing.
A Miami, FL.-based judge issued a ruling last week in a criminal case involving bitcoin and money laundering that the world’s most popular digital currency is not money, reported Forbes.
Mitchell Espinoza, the defendant in the case, allegedly sold bitcoin for a profit on localbitcoins.com. In 2013, Miami Beach Police Department Detective Arias and U.S. Secret Service Special Agent Gregory Ponzi, while undercover, reached out to Espinoza about a potential acquisition of bitcoin. Court documents say that Detective Arias told Espinoza at a second arranged sale that he was involved in buying stolen credit card numbers from a Russian criminal gang using bitcoin and asked him if he would be willing to accept stolen credit card numbers as payment for bitcoin in the future. Espinoza, say the court documents, said he would think about it, but never did.
https://coinreport.net/bitcoin-is-not-money/
Mitchell Espinoza, the defendant in the case, allegedly sold bitcoin for a profit on localbitcoins.com. In 2013, Miami Beach Police Department Detective Arias and U.S. Secret Service Special Agent Gregory Ponzi, while undercover, reached out to Espinoza about a potential acquisition of bitcoin. Court documents say that Detective Arias told Espinoza at a second arranged sale that he was involved in buying stolen credit card numbers from a Russian criminal gang using bitcoin and asked him if he would be willing to accept stolen credit card numbers as payment for bitcoin in the future. Espinoza, say the court documents, said he would think about it, but never did.
https://coinreport.net/bitcoin-is-not-money/
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