Michigan Man Busted for Unlicensed Bitcoin Exchange – Faces Jail Time

A man in Michigan is facing federal charges for operating an unlicensed Bitcoin exchange after selling over $55,000 USD of Bitcoin to undercover agents. There&#8217;s a song that goes, &#8220;I fought the law, and the law won.&#8221; The reality is that the law usually wins as the state can devote an incredible amount of resources upon an individual or organization when it wishes to. Lately, the US government has been looking hard at unlicensed Bitcoin<br />Read More<br />The post Michigan Man Busted for Unlicensed Bitcoin Exchange &#8211; Faces Jail Time appeared first on Bitcoinist.com.

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