Sentences with phrase «unlicensed bitcoin»

Anthony R. Murgio and Yuri Lebedev of West Palm Beach Florida were arrested today for running an unlicensed bitcoin exchange with the goal of helping individuals launder money.

Is law enforcement right to go after unlicensed Bitcoin exchanges?

Lately, the US government has been looking hard at unlicensed Bitcoin

Lately, the US government has been looking hard at unlicensed Bitcoin exchanges, which runs afoul of federal law.

Regulators have been kind enough to not enforce against unlicensed Bitcoin businesses, allowing the industry to flourish, but that means the onus is on us to keep our custodians honest,» Jesse said.

Yuri Lebedev and Trevor Gross stood trial on February 16, 2017, in Manhattan federal court on charges of conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business, stemming from their involvement with the unlicensed bitcoin exchange Coin.mx.

The unlicensed bitcoin exchange, Coin.mx, was linked to an investigation of a data breach at J.P. Morgan Chase (jpm) that exposed more than 83 million accounts.

A separate indictment alleged various fraud and conspiracy charges against Anthony Murgio, a Florida man previously accused of operating an unlicensed bitcoin exchange service, and who was also linked to the JPMorgan breach.

Not exact matches

He is accused of selling bitcoin to an undercover agent who posed as a butane hash oil manufacturer, as well as operating an unlicensed money transmitting business.

In June 2013, Bitcoin Foundation board member Jon Matonis wrote in Forbes that he received a warning letter from the California Department of Financial Institutions accusing the foundation of unlicensed money transmission.

A bitcoin trader on exchange platform LocalBitcoins and his father have been sentenced to prison terms after being convicted of running an unlicensed money transmission business.

In a statement released in Abuja, the CBN said cryptocurrencies such as bitcoin, litecoin, and ripple were unlicensed and unregulated by it.

Over the past few years, a number of individuals and businesses have been arrested and charged with financial crimes related to the unlicensed transmission of Bitcoin or other crypto coins.

Bitcoin faced such a dip owing to the fact that Binance cryptocurrency exchange might face criminal charges and a shutdown of its Japanese operation, even though the regulator clarified on Friday that it was only going to issue a warning to the unlicensed exchange.

Update: It's possible that South Korea's government may not impose a blanket ban on Bitcoin trading in the country, but only seek to regulate activity and clamp down on unlicensed exchanges, according to Ran Neuner, host of CNBC's Cryptotrader show.

CoinDesk A Detroit resident was sentenced Monday to 366 days in jail for operating an unlicensed money services business involving bitcoin.