The founder of Liberty Reserve, a private digital currency system that was a predecessor of bitcoin, has been sentenced to 20 years in prison.
A US district judge has denied a motion by the one of the founders of Liberty Reserve to dismiss a federal indictment filed two years ago.
Maxim Chukharev, the former IT manager of Liberty Reserve, has pleaded guilty to operating an illegal money transmitting business.
Vladimir Kats, co-founder of Liberty Reserve, has pleaded guilty to a number of charges including money laundering.
Starting June 15, the Mt. Gox bitcoin exchange will stop allowing funds and withdrawals through the Australian Technocash service.
The boss of US regulator FinCEN has outlined what Bitcoin exchanges need to do to keep the feds happy and stay out of prison.
Whether you use “real” government-backed fiat or a distributed digital currency, what you use it for is subject to laws and regulations of many kinds.
Liberty Reserve, a Costa Rica-based private currency exchange with its own digital currency, has shut down and its founder charged with money laundering.