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''Alleged Silk Road owner says he can't be guilty of money laundering if bitcoin isn't money''

TopWargamer
By TopWargamer
in Tech News
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I don't know, I really now nothing about US law, but I reckon if they can prove bit coin has a value (which won't even be hard as it has an exchange rate),  then it will not be hard to prove he has amounted wealth (remember wealth is not currency/commodity specific) through an undetermined processes.  In this specific case I think bitcoin can be likened to a brand new car, it is neither a commodity nor a currency but is an asset that has a definable value.

 

Then it will be up to his lawyers to prove he did not amount all that wealth through illegal activity on the silk road. 

Grammar and spelling is not indicative of intelligence/knowledge.  Not having the same opinion does not always mean lack of understanding.  

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