A federal grand jury has indicted a New Jersey man for selling over $2 million worth of Bitcoin through an unlicensed money transmitting business. William Green, 46, who was charged with one count of operating the unlicensed business, is set to appear before a United States District Judge although no date has been set yet. According to documents filed and statements heard in court, Green’s business was “Destination Bitcoin,” a website that allowed him to convert customers’ fiat deposits into Bitcoin in exchange for a fee. Unfortunately for Green, US federal law says that any individual who owns or controls…
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