New York Man Faces 25 Years in Prison for Bitcoin Money Laundering and Narcotics Scheme

A New York man is facing 25 years in prison, after being convicted by a federal jury in Brooklyn of money laundering and operating an unlicensed money transmitting business.
The unlicensed business the man was accused of operating was part of a scheme to launder money earned in bitcoin (BTC) from illegal drug trafficking, a press release from the U.S. Attorney’s Office for the Eastern District of New York said....
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