Tuesday July 26, 2016

Miami Judge Rules Bitcoin Is Not Money

Good news for anyone busted selling bitcoin to the cops, a judge in Miami has ruled that bitcoin isn't money. What do you think about her ruling in this case? Did this guy just dodge a huge bullet after selling bitcoin to undercover cops that claimed they were going to use it to buy stolen credit cards or, is it like the judge said, until we can clearly define the law on this subject, this was just one person selling his property to another?

This Court is not an expert in economics, however, it is very clear, even to someone with limited knowledge in the area, that Bitcoin has a long way to go before it is the equivalent of money. This court is unwilling to punish a man for selling his property to another, when his actions fall under a statute that is so vaguely written that even legal professionals have difficulty finding a singular meaning.