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Bitcoin Trader Pleads Guilty Over Unlicensed Exchange Business

Bitcoin Trader Pleads Guilty Over Unlicensed Exchange Business – CoinDesk

A 21-year-old bitcoin trader from California has pleaded guilty to operating an unlicensed money transmission business and now faces a maximum of five years in prison. According to a news release issued Monday by the Attorney’s Office of the Southern District of California, the trader, Jacob Burrell Campos, admitted as part of a plea deal that he had operated a bitcoin exchange without registering the business with the Financial Crimes Enforcement Network (FinCEN).







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