The us Department of homeland security has arrested a citizen of the country for conducting an unlicensed money exchange business on the p2p trading platform LocalBitcoins.
It is reported that 26-year-old Kenneth rhule advertised services for exchanging cash for bitcoins using the LocalBitcoins platform, on which he was registered under the alias “Gimacut93”, and sold undercover agents bitcoins worth $140,000.
Kenneth Rule was charged with 8 counts of violating various U.S. laws, including ” organizing an illegal business to exchange and transfer money, five counts of money laundering, and one count of producing and selling marijuana.”
The Agency has been working on Ruhl since April 2018. The agents were pretending to be criminals who needed services for money laundering and have repeatedly met with the Steering for this reason. At the same time, agents told him that the money was obtained from human trafficking, but this did not stop rule from providing services.
“When conducting transactions, Ruhl did not ask for any identification documents. On the contrary, he made the exchange even after the agents told him that some of the money was obtained from human trafficking, and this violates US laws, ” the prosecution notes.
Ruhl is also accused of illegally producing and selling marijuana. According to US law, he can get up to 5 years in prison for illegal money transfer business, up to 20 years for creating money laundering tools, and up to 40 years in prison for “herbal” business.
Recall that two citizens were recently arrested in Japan for purchasing tokens stolen from the Coincheck cryptocurrency exchange in 2018. The investigation claims that residents of Hokkaido and Osaka knowingly knew about the illegal origin of the cryptocurrency.