Economy and Finance
“This Court Case Will Make Bitcoin Use A Crime” – Trader Faces Charges Of “Money Laundering” And “Operating Unlicensed Money Transmitting Business”
Anyone who decides to directly transfer crypto from one wallet to another without utilizing a government-approved intermediary will become a criminal.
Buying and selling Bitcoins could soon come under heavy regulation with steep penalties for those who fail to comply with government mandates. And we’re not just talking about exchanges. We’re talking about individual owners of Bitcoin working direct deals to sell their Bitcoin holdings.
That exchanging your wholly purchased and owned Bitcoins for a product, service or other cryptocurrency may soon be illegal sounds ridiculous, but that’s exactly what may result if the U.S. government wins its pending legal prosecution against long-time Bitcoin enthusiast and CEO of Bitcoin, Inc. Morgan Rockcoons.
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