Florida Prosecutors Bite Down Hard On Traders Of Bitcoin

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Posted 3 years ago

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Florida Prosecutors Bite Down Hard On Traders Of BitcoinThe world of Bitcoin is in a dizzying downfall, as Florida prosecutors have stepped in to charge three men — Bitcoin traders — citing violating laws against unlicensed money transmissions.

This is the first time that state authorities have stepped in to punish Bitcoin vendors. Apparently the three men are in a whole lot of trouble as an allegation cites using bitcoins to aid and abet the ability to steal credit cards online.

Krebs on Security blog had this to say: “Prosecutions like these could shut down one of the last remaining avenues for purchasing bitcoins anonymously.”

Rich Casale

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