THELOGICALINDIAN - A cryptocurrency banker has been bedevilled in the US for operating an actionable moneytransmitting business application Localbitcoins and Paxful He faces up to bristles years in federal bastille and a accessible 250000 best fine
Crypto Trader Pleads Guilty
The U.S. Department of Justice (DOJ) continues to booty activity adjoin crypto traders application casework such as Localbitcoins and Paxful to buy and advertise cryptocurrencies as a business after a license. The latest such case complex Hien Ngoc Vo, a 49-year-old man from Seattle, Washington, who operated an actionable crypto business in Houston, Texas.
The DOJ appear Wednesday that Vo has pleaded accusable to active an actionable money transmitting business in the Houston breadth amid March 16 and June 8, 2024. The Department of Justice detailed:
Within the three months specified, Vo’s actionable business accustomed and transmitted about $515,147.19 in BTC, the DOJ described, abacus that barter paid him in cash, absolute coffer deposits, American Express acclaim cards as able-bodied as Amazon and all-encompassing allowance cards.
However, “During the transactions, Vo did not ask audience for any anatomy of identification nor the purpose for which they were purchasing the cryptocurrency,” the Justice Department noted.
Noting that Vo is acceptable to abide on band awaiting sentencing on Sept. 5, the DOJ concluded:
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