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obscure laws

11/17/2017 / By Ethan Huff

Feds claim that buying and selling large amounts of Bitcoin without a license is illegal in the United States due to “money transmitting business registration” laws

A Michigan man by the name of Bradley Anthony Stetkiw has run into some serious trouble with local authorities after he tried to sell several hundred thousand dollars’ worth of Bitcoin online. According to the Feds, Stetkiw’s actions in selling the cryptocurrency supposedly violate laws that prohibit the operation of an “unlicensed money transmitting business,” […]

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