Tag Archives: big government

Bitcoin: Why Those in Power Hate it!

Bitcoin has generated a lot of euphoria and distain across a variety of walks of life, as the rapid increase in its value, along with taking a lot of the other cryptocurrencies on a ride with it, has forced the media to cover it. It has also forced some of the entrenched powers – especially political and financial – to issue a seemingly endless number of warnings and caveats against bitcoin, although it is interestingly tempered by the fact the blockchain, which girds up the asset class, […]

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Feds Say Some Bitcoin Sellers into Money Launderers: Arrests Made

Incredibly, the U.S. government charged another person for selling Bitcoin; once again because they didn’t acquire a license to conduct business in Michigan. The man is charged with basically “illegally” laundering money. He has been charged in U.S. District Court for the alleged crime. Charges were for selling Bitcoin without a license over a period of about two years. He ran a Bitcoin exchange called LocalBitcoins, conducting business in various restaurants in the area. He reportedly sold about $150,000 in Bitcoin during that time. The Feds set […]

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