Kenneth Rijock

Kenneth Rijock

Thursday, July 28, 2016

COMPLETE TEXT OF FLORIDA ORDER DISMISSING MONEY LAUNDERING CHARGE FOR BITCOIN TRANSACTION

I am making the 8-page Order Granting Defendant's Motion to Dismiss the Information, the Miami-Dade County Circuit Court, Criminal Division decision that held that Bitcoins do not meet requirements of monetary instruments, and therefore, transactions involving Bitcoins are not financial transactions, available, as I have not seen it online.

The Court, speaking through Circuit Judge Teresa Pooler, ruled that a defendant, who engaged in two Bitcoin transactions, was neither an unauthorized money transmitter, under Florida Law, nor engaged in a transaction involving the proceeds of a specified unlawful activity, for the purposes of the money laundering statutes.

You can expect the State Attorney Office, in Miami, Florida, to file an appeal to the third District Court of Appeal, as this is a question of great public interest.











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