Question

In the Dread Pirate Roberts case, U.S. Ulbricht, 31 F. Supp. 3D 54D (S.D.N.Y. 2014), one of the issues that the court addressed was whether bitcoin is currency for purposes of the money laundering statutes. In this case, the court
Ruled that someone can violate the money laundering statute by using bitcoin T/F

Answer 1

Answer:

True.

Explanation:

One of the problems described by that of the court through the Dread Pirate Roberts case was about whether Bitcoin was currency of cash-laundering laws reasons. The following court decided in the following scenario that somebody might breach the money-laundering law through using bitcoin.

So, the following scenario is true about the case of Dread Pirate Roberts.