THELOGICALINDIAN - A Texas man who calls himself Doctor Bitcoin has pleaded accusable to active an actionable cryptocurrency barter business converting banknote to bitcoin He faces bristles years in federal prison
Crypto Exchange Operator Pleads Guilty
The U.S. Department of Justice (DOJ) appear Tuesday that a Texas resident, Mark Alexander Hopkins, has pleaded accusable to “illegally operating a cash-to-cryptocurrency about-face business.”
The 42-year-old man, who calls himself “Doctor Bitcoin,” pleaded accusable to one calculation of operation of an actionable money transmitting business. Acting U.S. Attorney Prerak Shah detailed:
Hopkins accepted to active a cryptocurrency barter business, converting U.S. dollars to cryptocurrency, primarily bitcoin, for a fee. He additionally accepted that he frequently beatific BTC to customers’ crypto wallets after demography added accomplish in acceptance the antecedent of the cash.
Court abstracts appearance that Hopkins helped a chump articular as “M.H.” catechumen U.S. dollars from a action betray he was active in Nigeria to bitcoin. Over the advance of about a year, he conducted 37 affairs with the bluff converting amid $550,000 and $1.5 million.
According to the DOJ:
Hopkins accepted that he was not accountant to conduct a crypto barter business in the state, and was not registered as a money transmitting business with the Financial Crimes Enforcement Network (FinCEN), a agency of the U.S. Department of the Treasury.
Noting that the actor “failed to chase federal laws that crave money transmitting businesses to verify customers’ names, date of birth, and abode – a law aimed at anecdotic those affianced in actionable action – and bootless to book bill transaction letters for high-value cash-in transactions,” the DOJ stated:
Do you anticipate this Doctor Bitcoin should go to bastille for bristles years? Let us apperceive in the comments area below.
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