Bitcoin dealer from Michican arrested in undercover sting operation

[dana-edwards]

Bitcoin dealer from Michican arrested in undercover sting

According to law enforcement the Bitcoin dealer was using the website localbitcoins to sell hundreds of thousands of dollars worth of Bitcoin without a license. Charges have been filed.

What are your thoughts on this? Does anyone else have more news on this case to share? Apparently a license is necessary to sell a large amount of Bitcoins outside of whitelisted channels like Coinbase.

References

1. https://cointelegraph.com/news/man-in-michigan-prosecuted-for-selling-bitcoin

Comments

[taskmaster4450]

This is all part of the plan by the bankers.

1. Demonize it.
2. Regulate it (which means putting it under banker control)
3. Buy it

The government hacks are fulfilling their obligation for step two. What is ironic is that one does not need to go through a "dealer" for bitcoin. There are enough decentralized exchanges around that enables people to buy btc. Plus, as of this moment, coinbase/gdax operates in all states other than Hawaii.

Back to the banker plan:

1. Isnt working
2. Isnt going to work at all
3. They are doing this behind the scenes.

[dana-edwards]

I don't usually follow conspiracy theories but which bankers in specific?

[mahafuz20]

Sir your post was a lot better. I voted and reseemed at your post. Thank you for sharing this post.

[rambeesbd]

good news dana

[mrpankaj]

Thanks for the news..
I didn't heard anything about this..

[greenteapee]

The will be more of this to come, this is only the beginning...

[imon]

great post bro its universe have more and beyond our imagination we can find out some but that some is always nit enough for us

[sharif77]

I shared your post
Resteem your post

[gaitan]

Do you know where do you get that license and what are the requirements?

[gameofcryptos]

Cointelegraph are so good

[sahadat0155]

gd Plz follow+upvote me @sahadat0155

[pritish1122]

good post

[rifatkhan]

nice
@rifatkhan

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[sahadat0155]

gd plz upvote+follow @sahadat0155

[enamulhasan]

great post for me
@enamulhasan

[anisullah]

yeap
pls my post comment @anisullah

[sharif77]

done @sharif77