Topic: Illinois Man Gets 4-Year Prison Sentence for Illegal Bitcoin Exchange (Read 1849 times)
December 16, 2014, 05:17:32 AM
4 years of prison?! For what?! I've seen murderers and massive thieves with shorter sentences. This is insane and unfair. Way to go authorities!
December 16, 2014, 02:13:21 AM
This is to reproduce the White Terror!
December 12, 2014, 04:45:34 PM
Full story here: http://dcmagnates.com/illinois-man-gets-4-year-prison-sentence-for-illegal-bitcoin-exchange/
Awful... Anything that challenges the status quo of the financial system quickly gets dealt with. There's a good blog here about getting a MSB license from fincen:
http://moneytransmitterlicense.blogspot.com/
This article reminds me of the casascius coin guy that got busted.
http://www.wired.com/2013/12/casascius/
December 12, 2014, 12:44:11 PM
Ugh. That's pretty messed up. Things are definitely changing for the worse.
December 11, 2014, 11:37:01 PM
About to read this , Thanks for the share
December 11, 2014, 11:02:32 AM
I have been saying that for a long time, fiat is absolute poison.
That's why you should not use fiat money at all. Don't exchange bitcoin for fiat. Just use bitcoin as money. Buy and sell stuff. And fuck goverments and banks.
In the USA, he would have to register for a MSB license (Money Services Bussiness) from the Treasury Department. That is probably all they got on him, which is why he was arrested. Kind of like running a bar without a liqour license, not doing anything illegal but you need a license for that business.
December 11, 2014, 10:55:53 AM
In the USA, he would have to register for a MSB license (Money Services Bussiness) from the Treasury Department. That is probably all they got on him, which is why he was arrested. Kind of like running a bar without a liqour license, not doing anything illegal but you need a license for that business.
December 11, 2014, 07:57:14 AM
That's why you should not use fiat money at all. Don't exchange bitcoin for fiat. Just use bitcoin as money. Buy and sell stuff. And fuck goverments and banks.
December 11, 2014, 12:58:19 AM
Full story here: http://dcmagnates.com/illinois-man-gets-4-year-prison-sentence-for-illegal-bitcoin-exchange/
That's horrible.
I feel bad for the guy as he did nothing wrong.
Point of the matter is judges/government are cracking down on bitcoin.
Judges for the reason of not understanding what bitcoin is.
Government hates it for obvious reasons.
for bitcoin! for freedom!!
December 11, 2014, 12:20:51 AM
theyre currently working on uncovering the name and other details of the exchange.
Would be interesting to know.
December 11, 2014, 12:06:22 AM
theyre currently working on uncovering the name and other details of the exchange.
December 10, 2014, 08:15:05 PM
Insanity. Does the commissary accept bitcoin?
December 10, 2014, 07:15:41 PM
Full story here: http://dcmagnates.com/illinois-man-gets-4-year-prison-sentence-for-illegal-bitcoin-exchange/
That's horrible.
I feel bad for the guy as he did nothing wrong.
Point of the matter is judges/government are cracking down on bitcoin.
Judges for the reason of not understanding what bitcoin is.
Government hates it for obvious reasons.
4 Year is kind of a pretty long time for this.
December 10, 2014, 01:02:58 PM
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