The Florida legislature recently revised its financial laws, stating that Bitcoin can be used for money laundering. Previously this was not the case – because Bitcoin was not regarded as actual money.
Here’s an explanation of how the laws have changed and what this means for you.
Understanding Bitcoin and How It Can Get You into Trouble
What is “Bitcoin”? A bitcoin is a form of digital monetary exchange that is accepted as a payment method by many legitimate websites such as Amazon, Overstock.com, Target, Expedia, and Dell. However, bitcoins can be difficult to define …