Quick Take on Florida Ruling ‘Bitcoin is Not Money’

Quick Take on Florida Ruling ‘Bitcoin is Not Money’

Judge Teresa Mary Pooler in the Eleventh Judicial Circuit of Florida dismissed the charges brought by the State against Espinoza, which accused the defendant of being an unlicensed money transmitter. Inter alia Pooler found that Bitcoin is not a payment instrument; instead virtual currencies are considered ‘property’ under Florida law, and Florida’s money transmission and money laundering… more