Title: [2018-06-11] LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Busines Post by: BitcoinArsenal on June 11, 2018, 05:26:33 PM A Los Angeles bitcoin trader faces more than two years in jail for having operated what prosecutors say is an illegal money transmitting business. Full article on Coindesk (https://www.coindesk.com/la-woman-faces-30-months-in-jail-over-illegal-bitcoin-business/)
Title: Re: [2018-06-11] LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Busines Post by: kevoh on June 11, 2018, 07:31:31 PM A Los Angeles bitcoin trader faces more than two years in jail for having operated what prosecutors say is an illegal money transmitting business. Full article on Coindesk (https://www.coindesk.com/la-woman-faces-30-months-in-jail-over-illegal-bitcoin-business/) Well, if you are going to be transacting on localbitcoins while residing in the US, one has to make himself informed of the laws. I'm pretty much sure she was aware of the regulatory laws especially when it involved transacting more than $50000 to one person within 24 hours. FINCEN considers such action as a violation and she has to pay for it. Title: Re: [2018-06-11] LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Busines Post by: Fatunad on June 11, 2018, 08:42:12 PM A Los Angeles bitcoin trader faces more than two years in jail for having operated what prosecutors say is an illegal money transmitting business. Full article on Coindesk (https://www.coindesk.com/la-woman-faces-30-months-in-jail-over-illegal-bitcoin-business/) Well, if you are going to be transacting on localbitcoins while residing in the US, one has to make himself informed of the laws. I'm pretty much sure she was aware of the regulatory laws especially when it involved transacting more than $50000 to one person within 24 hours. FINCEN considers such action as a violation and she has to pay for it. |