Home The Bitcoin News Arrests And Prosecutions Reveal Big Vagaries In Bitcoin Selling Regulations

Arrests And Prosecutions Reveal Big Vagaries In Bitcoin Selling Regulations

Bitcoin Watch Shop

U.S. laws ruling bitcoin trade are deceptive and infrequently lead to difficult law coercion actions, according to an essay in Fast Company magazine. Anti-money laundering laws need exchanges to determine customers’ identities, though what constitutes an sell can infrequently be unclear.

FinCEN logo

A Louisiana chiropractor who used his credit label businessman accounts to sell hundreds of thousands of dollars’ value of bitcoin pled guilty final month to handling an unlawful income servicing business.

The chiropractor advertised “bitcoin services” on LocalBitcoins.com, a marketplace where bitcoin users buy and sell a currency, according to a indictment. The chiropractor and his son allegedly supposed some-more than $3.5 million in income orders, prepaid cards and income in sell for bitcoin that they bought on bitcoin exchanges.

Prosecutors concluded to dump a income laundering assign connected to an purported $14,000 cash-for-bitcoin trade drug informant, along with handle rascal charges connected to a credit label transactions.

The box underscores vagaries concerned in controlling practical banking trading. Virtual banking exchange are


Read more ... source:

Advertise on the Bitcoin News

Do you like The Bitcoin News ? Thank you for Support us !
BTC: 1FVCSiK2ErerjH1kBP4VLS5LqR3YzmVeXf
ETH: 0xa829E61Cc130b4f02fbfc9D7763361a550C7f824

Do you like The Bitcoin News?

Sign up to our Newsletter and get the latest Bitcoin and Ethereum News!

Read previous post:
More users are profitable their DTH, mobile bills around Bitcoin: Zebpay

As a wide section of Indians get used to paying bills and shopping online through internet banking or credit cards,...

Close

Do you like The Bitcoin News?

Sign up to our Newsletter and get the latest Bitcoin and Ethereum News!