29 Jun 2016
Whether bitcoin is actual currency is at the forefront of a first-of-its-kind money-laundering case in Florida to be decided Friday.
In February 2014, Michel Espinoza was arrested in a Miami Beach motel for agreeing to sell $30,000 worth of bitcoin to an undercover police officer he had met on an exchange site called LocalBitcoins.com.
Prosecutors charged that Espinoza violated Florida statutes on money laundering and for operating an unlicensed money transmitting business.
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