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The verdict on the virtual currency came in a ruling Monday in a Miami money-laundering case.
Reports the Miami Herald:
Miami-Dade Circuit Judge Teresa Mary Pooler, in her opinion, acknowledged that she’s no expert in economics. But she said it’s clear that bitcoin has “a long way to go before it is the equivalent of money.” Wrote Judge Pooler:
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Reports the Miami Herald:
Monday’s decision came in a case that is being closely watched in tech, financial and legal circles as the popularity of the virtual currency has skyrocketed in recent years.
The defendant, Michell Espinoza, was charged with illegally selling and laundering $1,500 worth of Bitcoins to undercover detectives who told him they wanted to use the money to buy stolen credit-card numbers.
The defendant, Michell Espinoza, was charged with illegally selling and laundering $1,500 worth of Bitcoins to undercover detectives who told him they wanted to use the money to buy stolen credit-card numbers.
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