Bitcoin casino bettors, as well as the folks that like to buy, sell and purchase items using the convenient virtual currency, are elated today. According to “Bitcoin is money, U.S. judge says in case ties to JPMorgan hack” from the Reuters news article it appears that now Bitcoin qualifies as money in the state of New York.
So, When Does US Judge Deems Bitcoin As Actual Cash In New York?
Apparently yesterday A United States Federal Judge decided that Bitcoin money. It appears that he made this decision based on his findings from the Affactive / Revenue Jet criminal cases that also had to do with the JPMorgan Chase & Co Internet bank robberies. This group of people were the alleged criminals behind the JPMorgan Chase & Co Internet bank robberies as well as the casino Revenue Jet and Affactive operators. Check out that best USA Bitcoin casino gambling sites! Take a look at one of the casino slot games that you can play for Bitcoin in the video below!
Uulicensed money transmitting businesses?
Apparently, the U.S. District Judge for this case is Alison Nathan. Furthermore, it seems she dismisses Anthony Murgio’s bid to drop the charges. Moreover, it appears they relate to his alleged operation of coin.mx. It appears that the Prosecutors went on to say that coin.mx was an unlicensed bitcoin exchange. Anthony Murgio put forth an argument that the digital crypto-currency did not qualify as actual cash under the federal law prohibiting the operation of unlicensed money transmitting businesses (according to the Reuters news article).
The U.S. District Judge Alison Nathan seemed to agree with a criminal case from 2014. It stated that Bitcoin, the digital crypto-currency met the definition of money. “Bitcoins are funds within the plain meaning of that term,” U.S. District Judge Alison Nathan stated. “Bitcoins can be accepted as payment for goods and services or bought directly from an exchange with a bank account. They, therefore, function as pecuniary resources and are used as a medium of exchange and a means of payment.”
Is This A Crime?
Many people feel that the coin.mx scheme put hundreds of millions of dollars in criminals pockets. It helped surge stock prices and assisted in helping criminals launder their money plus aided other criminal activity.
Blockchain Technology And The Price Of Bitcoin
The “price of Bitcoin” has stayed around the same number. It is currently trading at $609 per Bitcoin. Many speculators say that they see a big Bitcoin rally with the price going over $650 in the next few months. It was not too long ago that the virtual crypto-currency was trading over $700 per BTC.
In other digital/virtual crypto-currency related news it appears that many casino gamblers feel that blockchain will grow far beyond bitcoin. Nevertheless, Block Chain has grown very popular and is said to be facing problems such as interoperability and flexibility.