Kenneth Rijock

Kenneth Rijock

Monday, July 25, 2016

IN A MONEY LAUNDERING CASE, MIAMI-DADE JUDGE HOLDS THAT BITCOIN IS NOT MONEY



A Circuit Judge in Miami-Dade County, Florida, has ruled that Bitcoin does not constitute money, for the purposes of the state's money laundering statutes. You can expect the State Attorney to appeal that decision, so do not rush out and purchase the crypto-currency immediately, please.

Being that this is a trial court decision, and one of the state's appellate courts, Florida state court judges are not required to follow it, but some may choose to do so. 

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