E.D. Ky. denies mtn to dismiss by AlexandraOnlineAuctionFraudNetwork; rejects argument that #bitcoin isn't funds for s.1956 money laundering; Court "joins the chorus" of other courts (Budovsky, Ulbricht, Stetkiw) holding #bitcoin is funds, rejecting IRS/property argument.
E.D. Ky. denies mtn to dismiss by AlexandraOnlineAuctionFraudNetwork; rejects argument that #bitcoin isn't funds for s.1956 money laundering; Court "joins the chorus" of other courts (Budovsky, Ulbricht, Stetkiw) holding #bitcoin is funds, rejecting IRS/property argument.
E.D. Ky. denies mtn to dismiss by AlexandraOnlineAuctionFraudNetwork; rejects argument that #bitcoin isn't funds for s.1956 money laundering; Court "joins the chorus" of other courts (Budovsky, Ulbricht, Stetkiw) holding #bitcoin is funds, rejecting IRS/property argument.
note more cases supporting conclusion that #bitcoin is funds under US law in FN 31, noting that money is also property under IRS regs:
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