Bitcoin pioneer jailed for 2 yrs over Silk Road ties

http://rt.com/usa/216743-bitcoin-pioneer-sentenced-prison/

I saw this earlier this morning, I was surprised it wasn't posted already


Comments


[5 Points] None:

Why exactly is what bitinstant did illegal? What about all the other bitcoin buying sites? Is it because it was anonymous? I loved them in sr1 days. Go to walmart to wire the money, have the coins by the time I got back home. And it was at a more than reasonable rate.


[4 Points] genericmetahub:

holy shit, this dude went to my high school


[2 Points] None:

I'm not able to load the link (it's a problem on my end I believe) but is this the Bit instant founder?

If so deepdot made a post about it the other day.


[1 Points] young_k:

it's all about money laundering in the federal charges with processing companies.


[-2 Points] None:

This is a damn shame. So any company that moves btc from a money exchange can now get charged? That's what this is saying. Unless this guy did it somehow illegally at the time(when btc was barely regulated)