Bitcoin dealer from Michican arrested in undercover sting operation

in #crypto-news7 years ago

Bitcoin dealer from Michican arrested in undercover sting

According to law enforcement the Bitcoin dealer was using the website localbitcoins to sell hundreds of thousands of dollars worth of Bitcoin without a license. Charges have been filed.

What are your thoughts on this? Does anyone else have more news on this case to share? Apparently a license is necessary to sell a large amount of Bitcoins outside of whitelisted channels like Coinbase.

References

  1. https://cointelegraph.com/news/man-in-michigan-prosecuted-for-selling-bitcoin
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This is all part of the plan by the bankers.

  1. Demonize it.
  2. Regulate it (which means putting it under banker control)
  3. Buy it

The government hacks are fulfilling their obligation for step two. What is ironic is that one does not need to go through a "dealer" for bitcoin. There are enough decentralized exchanges around that enables people to buy btc. Plus, as of this moment, coinbase/gdax operates in all states other than Hawaii.

Back to the banker plan:

  1. Isnt working
  2. Isnt going to work at all
  3. They are doing this behind the scenes.

I don't usually follow conspiracy theories but which bankers in specific?

Sir your post was a lot better. I voted and reseemed at your post. Thank you for sharing this post.

Thanks for the news..
I didn't heard anything about this..

The will be more of this to come, this is only the beginning...

great post bro its universe have more and beyond our imagination we can find out some but that some is always nit enough for us

I shared your post
Resteem your post

Do you know where do you get that license and what are the requirements?

good news dana

gd Plz follow+upvote me @sahadat0155

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