In the early weeks of the district court in Miami ruled that bitcoin is not money, thus passively legalizing trade cryptocurrency, writes "Novaya Gazeta".
It happened in the case against local resident Michael Espinoza. The undercover detectives bought bitcoins for fifteen hundred dollars, explaining that the cryptocurrency they need to purchase the database of credit card numbers, and then accused Espinoza of money laundering.
"The court does not intend to punish a person for selling his property to other persons in case when the act subject to the laws that are presented in this case are so vague that even lawyers find it difficult to give an unambiguous definition," the court ruled.
Bitcoin attorney Brian Bieber told Bloomberg that this is the first of its kind, the court's decision, which will affect the future relationship of power to the cryptocurrency: "as far As I know, this is the first such decision that, most likely, will ask the specific context in subsequent hearings." Now, is bitcoin a real currency or just a recognizable phenomenon that would soon define the court of appeal.
