In a landmark decision, a Florida judge dismissed charges of money laundering against a Bitcoin seller on Monday following expert testimony showing state law did not apply to the cryptocurrency. Michell Espinoza was charged with three felony charges related to money laundering in 2014, but what appears to have helped to clear him of any and all
Florida Judge: ‘Bitcoin Isn’t Money Because It Can’t be Hidden Under A Mattress’
A Judge found that cryptocurrency, which is based on verified encrypted transactions that are recorded on a public ledger, did not constitute “tangible wealth” and“cannot be hidden under a mattress like cash and gold bars.
