The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed bitcoin ATM operation has agreed to plead guilty and is facing up to 30 years in prison. US Dismantles Bitcoin ATM Operation The U.S. Department […] The U.S. authorities has taken down a $25 million bitcoin ATM operation and seized 17 machines together with some cryptocurrencies. The Division of Justice says the person behind this unlicensed bitcoin ATM operation has agreed to plead responsible and is going through as much as 30 years in jail. Typically, he met clients at a public location and exchanged bitcoin for them of up to $25,000 without inquiring about the source of their funds. Mohammad later purchased and advertised a network of two-way Bitcoin ATM kiosks located in malls, gas stations, and convenience stores in Los Angeles, Orange, Riverside and San Bernardino counties ... The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has penalized what it terms a “peer-to-peer cryptocurrency exchanger” in a historic case of Anti-Money Laundering (AML) violation by a Bitcoin trader.. California resident and Bitcoin seller/buyer Eric Powers was adjudged to have failed to comply with the Bank Secrecy Act (BSA) registration and requirements during a two-year ... As bitcoin roars back into a bull market, traders are eagerly awaiting “alt-season,” a parabolic jump in altcoins that historically follows bitcoin’s rise. But they’re going to be disappointed. There won’t be an alt season in this hype cycle. Not like 2017, anyway. Altcoins like XRP, EOS, XLM, BSV and many others in the top 20 will drastically underperform bitcoin in this bull run ... The Bitcoin 2020 conference is officially moving to April 30–May 1 in sunny Los Angeles, California, with Nick Szabo and Tony Hawk headlining! Bitcoin 2020 ticket holders are eligible to either transfer their tickets directly to 2021 or request a full refund. More details are available at the bottom of this article. A crypto ATM machine was stolen last week in Los Angeles California from the Belwood Bakery in Brentwood Village and it’s the latest story in our crypto news today.. The thieves managed to steal the machine from the bakery after a few other robbery attempts on the same bakery.
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