A year of imprisonment awaits an American who has not identified Bitcoin buyers
24-year-old Pennsylvania resident Eldon Stone Ross was sentenced to a year and one day in prison for buying and selling bitokins in large quantities, not reporting back on their activities before the US government. About it writes Philadelphia Inquirer.
According to information editions, the accused sold bitcoins one and a half million dollars USA for almost 2 of the year their activities, but earned only $ 40,000 in commissions. This money must now be turned over to the government as it were obtained as a result of illegal activities in the unlicensed exchange of money funds, which the accused was engaged in the period from January 2015 to November 2016.
“We don’t often have to deal with such cases. For me this the first case, “- explained the assistant prosecutor. “If people may turn to dealers like Ross who work outside the official market, they are may enjoy more a high degree of anonymity “.
Ross admitted, that in October 2017 he sold bitcoins on $ 50 000 undercover agents. In each case they are reported that the accused “did not ask them for information to confirm personalities“. Like in of all previous similar cases, the state prosecution claims that the person providing money exchange services is obliged to identify his clients and to communicate about his activities in the Ministry of Finance.
It is curious that to to that the moment when Ross was charged with illegal exchange cryptocurrencies, is he already was under the guards on charges of drug trafficking, which he was engaged in that one the same period.