Florida court proves if you’re a criminal that isn’t using bitcoin, you’re doing it wrong

Bitcoin has made millionaires nearly overnight, lost some their life savings, and fluctuates more than a politician during election season, but make no mistake: it’s not currency, at least to this Florida court. A Miami-Dade judge ruled in favor of a man, Michell Espinoza, charged with illegally selling and laundering $1,500 worth of bitcoin to undercover detectives. Before the transaction, Espinoza was informed by the detectives that they intended to use the bitcoin to purchase stolen credit cards, a move that could constitute money laundering — by Florida’s definition of the law. Under Florida law, someone can be charged with the crime…

This story continues at The Next Web

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