Money or property? The answer has big implications for bitcoin.
 

Money or property? The answer has big implications for bitcoin.
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A judge in Florida ruled in a money-laundering case this week that bitcoin is **t a currency — but experts aren't so sure.*

Miami-Dade Circuit Judge Teresa Mary Pooler dismissed charges Monday against a Florida man charged with illegally transmitting and laundering $1,500 in bitcoin.*

He couldn't launder or illegally transmit any money, Pooler said, because bitcoin doesn't qualify as a currency. The reason, she elaborated, is that it does **t have tangible, real-world value.*

Instead, bitcoin is property, the ruling said.*

The electronic currency was created in 2009 and has grown exponentially in popularity since then. The digital currency first found popularity on the dark web (most **tably the Silk Road marketplace) as a way to exchange goods without the introduction of national currencies.* Read more...

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