Technology & Science
Sep. 8, 2016
Cryptocurrencies muddy money laundering law
A Florida judge's recent ruling shows that evolving technologies like cryptocurrencies, bitcoin and the blockchain do not always fit neatly into existing statutes and regulations. By Jeff Steiner and Sean Sullivan
Jeff Steiner
counsel
Derivatives
Jeff Steiner, counsel in the Washington, D.C. office of Gibson, Dunn & Crutcher and a co-leader of the firm's Derivatives team, is a former special counsel at the U.S. Commodity Futures Trading Commission
A Florida judge's recent ruling in State v. Espinoza, Criminal Division Case No. F14-2923 (Fla. 11th Cir. Ct. 2016), dismissing anti-money laundering (AML) charges against a defendant accused of unlawfully engaging in business as a money services business (i.e., a money transmitter) and money l...
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