LocalBitcoins seller charged with money laundering

The U.S. Homeland Security has charged a LocalBitcoins seller with conducting an unlicensed money transmitting business after undercover agents exchanged over $140,000 in cash for bitcoin with the alleged criminal.  According to the criminal complaint, 26-year-old Kenneth Rhule has been advertising in-person cash-for-bitcoin exchanges on global peer-to-peer trading platform localbitcoins.com Read more…

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