Some questions I would have for a lawyer that actually knows the ins&outs of Florida state law in this field: 1. Is the above, in fact, the case? I.e. are the charges on those accounts completely unrelated to the disclosure of what the purchased material (in this case, Bitcoin) would be used for? 2a. Does that mean that the state of Florida sees Bitcoin as a currency? 2b. If it does not, then how would this same law be applied to e.g. physical goods if used as a material for exchange (e.g. gold nuggets, diamonds, etc.) 3. Would similar apply to a travelers going in opposite directions exchanging their currencies when the value exceeds $300 (something easily possible if you forget to empty out your wallet), rather than going through the official exchange bureaus at the airport (and incurring the rather hefty exchange fees)?
I am anything but a lawyer, but TFA actually references the laws applicable to the case for everyone to read. If I read these laws correctly, then
1. Yes, you can not simply do trades between currencies or equivalent valuables without a license, and that license seems tied to stiff reporting rules as soon as higher values are involved
2. The law doesn't require that, it suffices if bitcoin is seen a payment instrument.
3. It would seem like that. Read the law yourself: http://www.flsenate.gov/Laws/S...