Millennial Blueprint

Home » Uncategorized » Miami Judge Rules That Bitcoin Is Not Money

Miami Judge Rules That Bitcoin Is Not Money

Miami-Dade Circuit Judge Teresa Mary Pooler threw out all charges. On the first charge of engaging in business as a money services business, she wrote that “attempting to fit the sale of Bitcoin into a statutory scheme regulating money services businesses is like fitting a square peg in a round hole.” Bitcoin is not, she noted “backed by anything” and is “certainly not tangible wealth and cannot be hidden under a mattress like cash and gold bars.”

______________________________________________________________

People around the world have already decided it is money and Bitcoin is backed by the people.  Fiat isn’t backed by anything either, only governments.

Miami Judge Rules That Bitcoin Is Not Money

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: