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RE: UK Gambling Commission Views Bitcoin as Cash Equivalent

in #money8 years ago (edited)

And in other news...

A Judge in Florida recently ruled that Bitcoin wasn't money because it was not backed by any financial institution, was not a tangible good, or in anyway could it be considered a service rendered so it failed to meet the state's standards of a currency. LOL I love world politics sometimes...

Florida judge: Bitcoins aren’t currency, so state money laws don’t apply

Miami man sold via localbitcoins.com, then undercover cop tried to target him.
A Florida judge has decided in favor of a bitcoin vendor charged with violating local money-laundering laws, because, she found, the cryptocurrency is not money as defined under state law.

Published in Arstechnica by CYRUS FARIVAR - 7/27/2016, 6:40 AM

See how easy it is to avoid Plagarising? Just cite your source Don't Cut & Paste.

Here's a link to the Full Article quoted above that I posted to Steemit if you want to see the full story.

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