Bitcoin 'not real money' says Miami judge in closely watched ruling

• Defendant acquitted of illegally transmitting $1,500 worth of cryptocurrency
• Judge: 'Bitcoin has a long way to go before it is the equivalent of money'

A Miami court judge has sent ripples through the cryptocurrency community in a ruling in which she said bitcoin was not real money.

Defendant Michel Espinoza was on trial for illegally transmitting and laundering $1,500 worth of bitcoins to undercover agents who intended to use them to purchase stolen credit cards.