New Florida Virtual Currency Bill to Target Bitcoin Money Laundering
Bitcoin.com ------- Florida lawmakers are considering new legislation that aims to stop virtual currency dealers who participate in money laundering. The bill, sponsored by Miami-Dade Representative Jose Felix Diaz, has passed through the state’s House Appropriations Committee. Monetary concealment and cryptocurrency is the latest topic for Florida legislators following the state’s money laundering lawsuit dismissal last year. The case involved Michel Espinoza, a man charged with illegal money transmission for selling $1,500 worth of bitcoins to undercover police. Espinoza’s case was dismissed because the judge considered bitcoins as a form of property. Miami-Dade officials are not pleased with the result of the Espinoza trial, and the state is appealing the judge’s decision. To learn more click on the picture below to read the article.