Hot News! Officials Bitcoin arrested. How Continuation of Bitcoin?

JNew York - New York On Monday, Vice President Bitcoin Foundation Charlie Shrem indicted by the United States has made money laundering conspiracy for distributing cash online currency Bitcoin.

Bitcoin Foundation is the trade group that adopts digital currency. Shrem which has financial support from the Winklevoss twins and known as one of the greatest promoters use Bitcoin currency was arrested on Sunday at the International Airport John F. Kennedy, New York.

As reported by Reuters, the prosecutor from the Attorney General's Office in Manhattan, on Monday, said Shrem also charged with operating a business distributing unlicensed money. Value for money laundering is estimated at U.S. $ 1 million.

Young entrepreneurs aged 24 years who live and work in a bar in Manhattan accept Bitcoin as payment. Shrem was once the CEO BitInstan, a Bitcoin exchange firm that closed last summer.

According to prosecutors, Shrem conspired with the residents of Florida, Robert Faiella, who run the illegal business. They managed to sell more than U.S. $ 1 million dollars in Bitcoin to consumers in the Silk Road. Trade was then closed by the authorities.

The Faiella, 52, was charged in a suit filed in Manhattan District Court. He is accused of conspiring to launder money by operating unlicensed distribution currencies. Faiella was arrested at his home in Coral Gables, Florida. In the trial in Federal Court in Florida, on Monday, Faiella trial on hold until there is a guarantee.

Shrem not succeeded asked for his response. A person who answered the phone at home Faiella is not willing to provide information. “Nobody wants to talk, " he said.

Shrem attorney, Keith Miller, said his client is innocent. “In this point, the charges were merely allegations. Shrem not guilty, “he said.

Bitcoin is digital currencies that is not backed by the government and the central bank and has values fluctuate depending on the demand of users. Bitcoin Users can transfer to each other via the Internet and store digital currency, wallet.

“If Bitcoin becomes like a traditional currency used for money laundering and sustain criminal activity, law enforcement had no other choice but to move, " said Manhattan attorney, Preet Bharara.” We will aggressively pursue those who adopt the use of the new currency for illicit purposes, “he said.

U.S. law enforcement officials have vowed to pursue any criminal activity involving the illegal currency Bitcoin or the other. Therefore, they are not licensed assess the currency used for illegal transactions anyway.

 

I wonder if these guys' business is now booming. LOL. http://www.silkroad.com/

 

Great this means good news for Bitcoin, bad news for currency exchange businesses. But there is no law for crypto currency so there is nothing that can be done.

 

thank you for sharing this.

 

i think with anonimously btc or bitcoin is potential to be criminally transaction
just make a wallet buy btc and use to pay an illegal good
but just my opinion

 

The government agents are against bitcoin,, because it is simply not a centralized currency! It can't be controlled by any single government which is why they hate it.

 

You think the Bitcoin market would crash anytime soon bevause of all the speculations going on?

 

No.

There's still bitcoins to be mined - limit is 21 million. The price in £ and $ will fluctuate up and down but it won't crash per se.

 

It looks a fake news, because Bitcoin wallet sites are Live and working fine.

 

I understand that governments are against btc, though more and more banks are getting interested by bitcoin

 

The Governments are against it because the real BTC is used is mostly for buying illegal goods - drugs, weapons etc.

The banks are interested in it because it makes money. As I post now 1 BTC is worth $641 / £383 / 465 euros.

Bitcoin will be a well used currency in the entire world when coins and notes eventually step aside. In generations to come, it will happen.