Coinnounce
2020-03-12 10:32:11

LocalBitcoins seller charged with conducting an unlicensed money transmitting business

Kenneth Rhule was charged after undercover agents exchanged over $140,000 in cash for bitcoin from him. Rhule was operating on the global peer-to-peer platform LocalBitcoins.com under the username “Gimacut93.” LocalBitcoins.com acts as a bitcoin exchange with no middle party. Buyers can directly meet sellers and initiate transactions.   Kenneth has been accused of money laundering. […]

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