Good thing that the guy who was charged of money laundering was ruled as not guilty. Though it is like an entrapment to me as they are police that pretended to be interested on the bitcoins. People are not aware of bitcoins. Some were unaware of what it can do. The buyer maybe was intrigued by the bitcoin and thought that he was being duped by this guy that there is such a thing and then filed a case. Hope that maybe one day bitcoin will be famous enough to the entire world and can be considered as a real thing.
Definitely sounding like entrapment, but I don't know all the details of the story so there are a lot of things that aren't necessarily accurate to assume. If the cops forced him into it then I can see something like that being an issue, but it sounds like he did it on his own accord. Then again I don't know much about entrapment laws so take my opinion with a grain of salt.
A Florida judge ruling Bitcoin as not being money though, might be a good thing. I'll wait and see what comes of this, but this might make it harder to tax, or difficult to classify.
It is a fair bit of entrapment because in order to make a charge of money laundering, the agents told him that they intended to use the bitcoin to commit a crime, and then when he sold it to them anyway, they charged that he was money laundering. They essentially entrapped him into a money laundering charge, which would not have arisen but for the intentional entrapment of the agents. Nothing the man was doing would have been money laundering outside of the government's actions, that's why it is entrapment.
