Localbitcoins Trader Sentenced to One Year in Prison

A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.5 million for customers across the country, according to the notice by the U.S. Department of Justice. Also read:¬†Yahoo! Japan Confirms Entrance Into the Crypto Space … Continue reading Localbitcoins Trader Sentenced to One Year in Prison