Michigan Localbitcoins User Charged with Unlicensed Money Transmitting A regular user of Localbitcoins(a facilitator of exchanging fiat currencies for bitcoin) was formally charged in United States District Court. The Michigan man is accused of violating money transmitting business licensing requirements. Localbitcoins Trading Volume Sets New Global All-Time HighLocalbitcoins User Indicted by Homeland Security InvestigationsA criminal complaint filed 25 October 2017 againstBradley Anthony Stetkiw, a Localbitcoins user, accuses the man of buying, selling and . okering “deals for hundreds of thousands of dollars in bitcoin while failing to comply with money transmitting business registration requirements set forth inTitle 31, United States Code, Section 5330. ”Scene of the ‘crime. ’asserts that from Summer of 2015 through Fall of this year, Mr. Stetkiw ran a bitcoin exchange under the handle ‘SaltandPepper’. The next few paragraphs of the seventeen page document detail a basic understanding of bitcoin, concluding in an odd equivocation in ‘Part F’, “Bitcoin is not inherently illegal and has known legitimate uses, much like cash; bitcoins, however, are also used to facilitate illicit transactions and to launder criminal proceeds.
from http://www.instantlybuybitcoin.com/video/localbitcoins-user-charged-with-unlicensed-money-transmitting/
from
https://localbitcoins0.tumblr.com/post/167063247912
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