Florida lawmakers are considering new legislation that aims to stop virtual currency dealers who participate in money laundering. The bill, sponsored by Miami-Dade Representative Jose Felix Diaz, has passed through the state’s House Appropriations Committee.
“The high-tech criminals of the 21st Century use virtual currencies like bitcoin to accumulate and hide the profits of their illegal activities,” explained Miami-Dade State Attorney Katherine Fernandez Rundle. "This legislation makes sure that traffickers and fraudsters can no longer try to use internet-based currencies to hide and move their ill-gotten gains."
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