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Topic: Florida Appeals Espinoza Decision, Bitcoin’s Status at Stake (Read 402 times)

legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
The State of Florida fears this decision because it could be used as a reference by defense lawyers to make an argument for judges to junk cases that involve BTC and money laundering. Those prosecutors will fight tooth and nail to get Espinoza behind bars and make a sample of him.

I bet you, they actually wanted to make an example of him. ^joke^ Yes, if this goes through, some people might use this as a loophole to escape prosecution for similar charges. It is not a question, if this is going to succeed, but rather when. People will only go underground, once this goes bad and we have seen how over-regulation like this has made other illegal practices, flourish on the black markets. < The forbidden fruit >
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
When bitcoin traders are treated on par with drug dealers there is something wrong with the society. I don't think we have to rely on 1 judge insight in delicate case like this.
Bitcoin legal status should be first established and verified by board of experts. This stupid sentence of biased jury could cause perturbation on a massive scale.

Governments Can’t Decide on What Bitcoin Is - people pay taxes so you better learn fast!
legendary
Activity: 2898
Merit: 1823
The State of Florida fears this decision because it could be used as a reference by defense lawyers to make an argument for judges to junk cases that involve BTC and money laundering. Those prosecutors will fight tooth and nail to get Espinoza behind bars and make a sample of him.
newbie
Activity: 55
Merit: 0
The state Florida made headlines when Miami-Dade’s Circuit Judge Teresa Mary Pooler tossed out anti-money-laundering charges against website designer Michell Espinoza. According to recent reports, though, the state is filing an appeal against the decision to dismiss charges.

State Of Florida Appeals Judge Pooler’s Decision to Dismiss Charges


In February 2014, Espinoza was charged for unlicensed money transmissions and AML violations after selling bitcoins to an undercover Detective Ricardo Arias on the peer-to-peer trading website LocalBitcoins. Arias purchased bitcoins from Espinoza multiple times and then escalated the investigation when he purchased $30,000 USD worth of bitcoin.

https://news.bitcoin.com/florida-appeals-espinoza-decision/
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