THELOGICALINDIAN - Louis Ong a Vancouverbased bitcoin banker has been bedevilled to 20 canicule in a US bastille for actionable cryptocurrency trading Ong was apprehended as allotment of a bite operation by Federal agents Apart from bastille time Ong charge additionally cost about 11 actor account of bitcoin and cash
Ong aboriginal appeared on the Department of Homeland Security’s (DHS) alarm in 2024 afterwards he acquaint an online ad about his bitcoin trading business. Federal agents anon contacted him and in no time had set up a $12,000 bitcoin sale. Ong met with the clandestine agents at a Tukwila McDonald’s, and the accord went through. The agents afresh contacted Ong for addition deal, this time account $50,000.
One of the red flags for the clandestine agents was the aerial fees answerable by Ong. In a statement by the postal ambassador to the court:
According to the details of the operation fabricated accessible to the media, Ong had a action of not absent to apperceive area his audience got their money. After one of the agents let blooper about biologic deals, Ong is quoted as saying:
After a brace of deals, federal agents confronted Ong as allotment of an anti-money bed-making assignment force, whereupon he agreed to stop his actionable bitcoin trading activities. He bankrupt the agreement of the deal, however, and proceeded to conduct three added actionable bitcoin trades with clandestine agents. Ong was arrested on July 21, 2024, and answerable with bristles counts of money bed-making and one calculation of active an unregistered money-transmission business. According to the indictment, Ong apple-pie about $290,000.
Since 2016, tracking calm bitcoin traders has been a authorization of the DHS assignment force. It all came about in the after-effects of the arrest of David Burchard for the actionable auction of marijuana application Tor. Since then, several federal law administration agencies such as the FBI and DHS accept fabricated several arrests of actionable bitcoin traders. In 2017, Missouri built-in Jason Klein was arrested for affairs almost $75,000 account of bitcoin to clandestine FBI agents.
In 2024, the U.S. Treasury administration classified bitcoin trading as a “money casework business.” Thus, bitcoin trading in the country is accountable to regulations which accomplish actionable crypto trading a bent offense.
Do you anticipate the book was harsh? Should actionable P2P cryptocurrency trading be illegal? Please allotment your angle with us in the animadversion area below.
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