If you've come up with the idea of selling Bitcoin to strangers for cash in the US, you should be very careful. These strangers may turn out to be government agents. One such case occurred recently in California.
A US citizen was arrested for selling nearly 10 bitcoins earlier this month by Immigration and Customs Enforcement (ICE), a federal government enforcement agency under the jurisdiction of the US Department of Homeland Security.
Any transaction over $3,000 must comply with know-your-customer (KYC) rules. Morgan Rockwell did not take this into account, for which he was prosecuted.
As reported by bitcoin.com, Morgan Rockwell is accused by the authorities of using tools for money laundering. On top of everything else, Rockwell completed the transaction without having a license, and this has led to the fact that the government now intends to confiscate all of Rockwell's assets in favor of the state.
The man is also charged with receiving bitcoin in exchange for a controlled substance containing cannabinoids.
Rockwell is trying to defend himself in every possible way and writes everything on his Twitter. He believes that his arrest affects everyone who uses digital currency. For now, the man is at home under recognizance not to leave.
Recently, arrests of persons associated with the cryptocurrency market have become more frequent. Thus, John Montroll, the founder of the WeExchange and BitFunder exchanges, which traded unregistered securities for his own purposes, was recently arrested in the States. In 2013, the case of theft of funds on BitFunder had a great resonance. Then Montroll managed to prove his innocence by falsifying documents.
A case is currently pending in which John Montroll is accused of giving false testimony and obstruction of justice.
According to https://news.bitcoin.com
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