News & Insights
Miami Herald quotes Andrew Hinkes in, "Criminals who use Bitcoin targeted under proposed Florida law"
April 20, 2017
"South Florida lawyer Andrew Hinkes said that under the proposed law, prosecutors will still need to prove intent – that someone knew they were changing money for bitcoin or bitcoin for money to either hide dirty money, or further a future illegal transaction."
“I don’t think it would affect the day-to-day users of bitcoin, or investors who hold bitcoin,” Hinkes said “But it might affect the business of those who exchange bitcoin for dollars. Now, assuming the facts support the intent required by law, the path to prosecution of traders for money laundering is clearer in Florida.”
Read more here: http://www.miamiherald.com/news/local/community/miami-dade/article146087044.html#storylink=cpy
