Economist Argues Bitcoin Isn’t Money in Closely Watched Court Case

  • Evans’ expert witness fee-$3,000-was paid in Bitcoin.
  • In a court proceeding watched closely in tech and financial circles across the United States and the world, an economist testified last week that bitcoin isn’t really money and not subject to money-laundering laws.
  • Espinoza’s legal team has sought to have the charges dismissed on the grounds that Bitcoin isn’t really money and the money-laundering charges against their client don’t really apply, reports the Miami Herald .
  • China Pumps Bitcoin to 21 month high at $580 This week was exciting to watch the price of bitcoin break…
  • Charles Evans, an economics professor at Barry University in Miami, was called upon Friday to testify as an expert witness for the defense in the case of Michel Espinoza, who stands accused in Florida of laundering $1,500 in bitcoins and selling them to undercover FBI agents who claimed they would use the bitcoins to buy stolen credit card numbers.

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In a court proceeding watched closely in tech and financial circles across the United States and the world, an economist testified last week that bitcoin isn’t really money and thus not subject to money-laundering laws. The judge’s decision—not expected for several weeks—could have a major impact on the future of the cryptocurrency.


Economist Argues Bitcoin Isn’t Money in Closely Watched Court Case