In a major win for DOJ, Samourai Wallet developers have plead guilty to unlicensed money transmission.
The charge had been heavily disputed, described as an unclear application of the law.
The developers face fines and up to five years in prison. Full story๐
https://www.therage.co/samourai-wallet-developers-plead-guilty-to-unlicensed-money-transmission/
Thanks for all your coverage of this, no matter how awful it is.
How will the clarity act language in the market structure bill affect this case/sentencing?
RIP bitcoin.
Shit
the empire strikes back
Very depressing..
๐
What?
Hm, so "money transmission" is not "sending money (Bitcoin)" but "advertising and providing your mixing service to criminals".
Makes sense actually.
