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RE: New York Judge Classifies Bitcoin As Money (The Cryptoverse #102)

in #crypto-news8 years ago

@marketingmonk, from what I have been reading about this court case, it seems to me that the major charges are more worthy of prosecution, with respect to the alleged hacking of JP Morgan Chase. I guess they may be trying to build an argument for the possible use of bitcoin in the sale of the information obtained from the hack?

http://www.nytimes.com/2015/08/11/business/man-charged-in-bitcoin-scheme-appears-in-new-york-court.html?_r=0

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The Prosecution needed this determination for his serious charges such as the "cleaning" of known dirty money via his company, Collectibles Club. And then using his position on the board for a Credit Union to perpetuate it all too. They likely have a lot of evidence that looks damning against him.

http://www.tallahassee.com/story/news/2016/06/07/former-101-owner-murgio-facing-federal-charges/85530248/

It's unfortunate that Bitcoin will likely feel some undue damage with these cases. #bitcoinisnotacrime