RATE Group | Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework
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Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework

19 Aug Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework

Posted at 13:36h in Bitcoin News by

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Prolific Bitcoin Dealer 'Blew a Giant Hole' Through US Legal Framework

Regulation

A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Bitcoin Dealer Indicted

The U.S. Department of Justice (DOJ) announced Friday that a bitcoin dealer, Jacob Burrell Campos, was indicted for international money laundering and is being held without bond. Assistant U.S. Attorney Robert Ciaffa said during Burrell’s bond hearing on August 17 that:

Burrell was…

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