He traded crypto currency – thrown in jail

Harsh everyday life of American crypto traders.

US law enforcement agencies can celebrate another success in their relentless crusade with "unlicensed transfer of money" in the country of the free market, ironically Bitcoin.com.

Your buyer can be a federal agent, user

24-year-old Eldon Stone Ross, from the state of Pennsylvania, who traded Bitcoin, was sent to the federal prison, engaged in unlicensed trade in crypto-currencies from January 2015 to November 2016, without reporting on the transactions conducted.

Earned 40000 dollars a young man will have to give the state.

"We do not see many of these cases … If people can go to someone like Ross who does business outside the institutional market, it adds to them anonymity," commented Burt Glenn, assistant US attorney who investigated the case in Philadelphia.

Ross admitted that in October 2017 sold Bitcoin for 50 000 dollars to federal agents related to national security investigations. In each case, they reported that he "did not provide identification information" and thus allowed money laundering.

Interestingly, the publication draws attention to the fact that Eldon Stone Ross was already in prison for drug-related crimes.

Author: Evgenij Novožilov, Analyst Freedman Club Crypto News

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