Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
The operator of 46 Bitcoin ATMs was hiding his business from the general public, placing it covertly in laundromats, reports say.
Bitcoin ATMs have been growing year after year. There are already 36,728 as of today, with a growth of more than 18 per day, according to the data from e CoinATMRadar. Of these, you have said it well DiarioBitcoin, about 90% of them are in the United States, while the vast majority of Latin America is lagging far behind. .
For many, ATMs are a great convenience for buying cryptocurrencies, despite the slightly higher fees. For some, however, they are ideal spaces for use by people on the fringes of the law.
In the United States, for example, in January, the authorities and the a had issued warnings about the use of ATM Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. in illegal activities . Now an ATM operator from Bitcoin was indicted in New York on charges allegedly p for conducting illegal business that attracts criminals.
Manhattan District Attorney Alvin Bragg Jr. announced Wednesday that Robert Taylor was indicted “ for operating an illegal Bitcoin ATM business that traded among persons involved in criminal activity.”
El anuncio dice:
Taylor operated Bitcoin kiosks in at least 46 locations in New York City, primarily in laundromats, as well as locations in New Jersey and Miami.
Between 2017 and 2018, the 35-year-old “converted over USD $5.6 million of its customers’ cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. into bitcoins while charged a fee of between 10% and 20%”, detailed the district attorney.
Taylor is accused of “multiple counts of operating an unlicensed money transmitting business, criminal tax fraud in the third degree and offering a false instrument to file in the first degree.”
The announcement further states:
In total, the search warrants resulted in the recovery of USD $250,000 in cash from Taylor’s apartment, as well as 20 Bitcoin ATMs containing USD $44,000 in cash.
But the total money is much more. The analysis showed that more than $5.6 million was deposited in cash at the ATMs of Bitcoin de Taylor entre septiembre de 2017 y noviembre de 2018. Se cobraron más de USD $590.000 en tarifas y se depositaron aproximadamente USD $160.000 en las cuentas bancarias personales de Taylor.
However, Taylor only reported an income of approximately USD $3,000 on his 2017 tax returns and a loss of USD $140,000 on his 2018 tax returns.
In addition, his business did not have a money transmitter license or a virtual currency currency is a medium of exchange that defines value. trading license. (Bitlicense) del Departamento de Servicios Financieros (DFS) de Nueva York, necesario para operar en el estado. Tampoco tiene licencia de la Red de Ejecución de Delitos Financieros (FinCEN) del Departamento del Tesoro de EE. UU.
Paying for anonymity
The district attorney in charge described: “Robert Taylor allegedly went to great lengths to keep his bitcoin ATM business as secretive as possible to attract a clientele that would pay top dollar for anonymity.”
In addition, Prosecutor Bragg stated:
As the use of cryptocurrencies like Bitcoin proliferate, they continue to attract a wide range of bad actors hoping to evade law enforcement.
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