Florida Court Rules Bitcoin Not Money
None of us is really sure what bitcoin is, or what it’s fully used for. It seems the courts are just as confused.
A judge in Florida v Espinoza recently stated the following in regards to a police sting involving Bitcoin:
. . . [more]Nothing in our frame of references allows us to accurately define or describe Bitcoin…
Bitcoin may have some attributes in common with what we commonly refer to as money, but differ in many important aspects. While Bitcoin can be exchanged for items of value, they are not a commonly used means of exchange. They are accepted by some
