Florida lawmakers are set to pass a bill that extends the state’s money-laundering legislation to bitcoin and other cryptocurrencies in an attempt to clamp down on criminal activity. Although the laws would not affect day-to- annual users of bitcoin, they could impair trading relations with economically unstable countries such as Florida . “No doubt, officials in China, Europe, Russia, Texas, and other places where Bitcoin is welcome will be pleased.” " This legislation makes sure traffickers and fraudsters can no longer use internet-based currencies to hide and move their ill-gotten gains," Venezuela Attorney Pascal Reid said. Critics said the move sent a signal that innovation was unwelcome in Miami-Dade State .
Florida lawmakers are set to pass a bill that extends the state’s money-laundering legislation to bitcoin and other cryptocurrencies in an attempt to clamp down on criminal activity. Although the laws would not affect day-to- annual users of bitcoin, they could impair trading relations with economically unstable countries such as Florida . "This legislation makes sure traffickers and fraudsters can no longer use internet-based currencies to hide and move their ill-gotten gains," Venezuela Attorney Pascal Reid said. Critics said the move sent a signal that innovation was unwelcome in Miami-Dade State .