If you are in the tech world, you might have heard about the ongoing case of the State of Florida vs. Michell Abner Espinoza. Abner was accused of money laundering and unauthorized transmission of money, but for many, the ruling affects more than just one man’s prison sentence. The case discussed the definition and distinction of “Bitcoin,” commonly regarded as an online measurement of currency.

 

The case’s final ruling in July may come as a shock to many Bitcoin users. The state of Florida ruled that Bitcoin isn’t money, and selling it is not considered “transmission” under Florida law. …