RATE Group | How Government Agencies Make Criminals of Crypto Traders
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How Government Agencies Make Criminals of Crypto Traders

28 Jul How Government Agencies Make Criminals of Crypto Traders

Posted at 19:04h in Bitcoin News by

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A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face up to five years in prison and a $250,000 fine if convicted. Green isn’t alone. With tighter and tighter crypto regulations being imposed worldwide, entrepreneurs, small startups, and even unsuspecting hobbyists are being indicted and threatened by the “crypto cop” dragnet.

Also Read: Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War

No Trade Left Unturned

From private trading to business expansion and mining, Bitcoin provides myriad opportunities for entrepreneurs. Unfortunately, state regulators are not always so keen on this progress. Like William Green, Detroit entrepreneurs Sal Mansy and Missouri family man and Bitcoin hobbyist…

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