Judge Orders LocalBitcoins User to Teach Police on Digital Currency

By September 16, 2015Bitcoin Business

handcuffs and gavel A judge has sentenced Florida LocalBitcoins user Pascal Reid to serves 90 days in jail in a ruling that closes a high-profile legal case dating back to February 2014.

Originally charged with operating an unauthorized money transmission business and with money laundering, Reid plead guilty to a single count of operating as an unlicensed money transmitter. Reid will receive five years probation and must provide informational assistance to law enforcement and […]

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