The anti-money laundering bill concerning bitcoin Florida legislators just passed via an appropriations committee has been approved May 6 by both houses. The only remaining step in the process is for Florida’s governor to sign it into law, in which case it will go into full effect.
Also read: Australia’s Government Renews Efforts to End Double Taxation of Bitcoin
The intent of the bill is to prevent money-launderers from using bitcoin to hide funds generated from illicit activities. Florida legislators believe money launderers and other cyber criminals have been taking advantage of antiquated laws. They wanted to update them in the hopes of thwarting and undermining online financial crimes. In this regard, they have decided to
Read more ... source: TheBitcoinNews
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