A judge in Florida has decided that Bitcoin - not money

in #news8 years ago

Until recently, economists have until the end could not decide whether to consider Bitcoin money or kind of property. Commodity Futures Trading Commission determined this type of payments as a commodity , and most defenders Bitcoin has named the service of "the most advanced in the world currency ." Recently, a judge in Florida ruled that Bitcoin is not money, and it can become a precedent for future trials.

According to the lawsuit in 2013 the defendant was charged with the sale of Bitcoin-funds for undercover agents for cash. These actions are the representatives of the service called illegal. The accused was then arrested and charged with two counts of money laundering and illegal transfer of money.

Judge Pooler Teresa (Teresa Pooler) dismissed both charges, determined that Bitcoin is not money, so the defendant can not be accused of illegal transfer or money them. To do this, you must "carry out financial transactions with money signs."

Although the decision applies only to Florida, it can act as a precedent for future similar cases.

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Hi! This post has a Flesch-Kincaid grade level of 10.8 and reading ease of 53%. This puts the writing level on par with Michael Crichton and Mitt Romney.

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