Florida wants to outlaw BitcoinsteemCreated with Sketch.

in #news3 years ago

Quote from cryptocoinsnews.com:

"Florida lawmakers want virtual currencies like Bitcoin covered under the state’s money-laundering statute, a change that supporters claim would ensure criminals cannot use Internet-based currencies to conceal financial activities, according to The Miami Herald. Law enforcement officials support the measure but some bitcoin enthusiasts say it will undermine Bitcoin.


The proposed law was crafted by Miami-Dade cybercrime prosecutors after a judge threw out charges against a man accused of selling $1,500 in bitcoins to buy stolen credit card numbers on the Internet.


Miami-Dade State Attorney Katherine Fernandez Rundle said high-tech criminals use virtual currencies to hide their illegal activities. The proposed law ensures fraudsters and traffickers cannot use Internet-based currencies to conceal and transfer illegal profits."

Full article here:

https://www.cryptocoinsnews.com/florida-lawmakers-want-bitcoin-covered-money-laundering-law/

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Well uhh I hope they outlaw cash too.

Sounds like the next logical step! :))

Never underestimate stupidity, although in this case I think it's more about the will of the government to outlaw Bitcoin because it's extremely hard to tax it.

Yes! "And the words of the profits are written on the neon tubes." Or something like that.