Jan 14, · Jan 14, , pm SGT MIAMI (AFP) - Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to . Jan 15, · Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic sanctions. As of the end of last year, the digital currency was listed as a way to pay for some 75 properties for sale, especially in south Florida and California, according to the real. Jan 14, · Bitcoin fever has hit the U.S. real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and U.S. economic sanctions. As of the end of last year, the digital currency was listed as a way to pay for some 75 properties for sale, especially in south Florida and California, according to the.
Bitcoin fever hits us real estate marketBitcoin Fever Hits US Real Estate Market | 24crypto.de
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Evans said there is also a lot of interest in bitcoin among Iranians, whom he described as "doubly hit" with restrictions in Iran and international sanctions. It is an open secret that money laundering fuels the real estate market in south Florida. But instead of hiding the practice, bitcoin could have the opposite effect. The crypto currency "is a terrible medium for large-scale money laundering, because all bitcoin transactions are recorded in the publicly available transaction record known at the Blockchain," said Evans.
Although bitcoin has been associated with the drug trade and cyber attacks, Blockchain "leaves a lot of fingerprints," former Florida representative Jose Felix Diaz told Politico. Last year, Diaz sponsored a bill-turned-law that includes bitcoin in Florida's laws for fighting money laundering. Real estate agent Parker also said money laundering via bitcoin is far from posing a risk because "the beneficial owners of the real estate are always going to be able to be traced.
Parker said the fad of doing real estate deals in bitcoin could be as volatile as the currency itself. There's not much risk. The only risk is if the currency crashes before you can liquidate it," said Parker. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused.