Tagged: localbitcoins

Another LocalBitcoins Seller Jailed in the US

A LocalBitcoins seller in Arizona has been sentenced to 41 months’ imprisonment (with credit for time served) after being convicted by a jury of trading bitcoins for drug money. According to a release from the Arizona District Attorney’s Office, federal agents began investigating Thomas Mario… Read More

LA Local Bitcoins Seller “Bitcoin Maven” Sentenced to One Year in Prison

A Los Angeles LocalBitcoins seller who plead guilty to running an unregistered money transmission business and laundering drug money for bitcoins has been sentenced to a- year-plus-one-day’s imprisonment. In addition to completing three years’ probation and paying a fine of $20 000, Theresa Tetley, a former… Read More

Indian Supreme Court Upholds Ban on Banks Doing Business with Crypto Exchanges

It just got a lot harder to buy cryptocurrencies in India. Close to the end of a three-month grace period granted to banks and customers affected by a ban on transfering money onto and off of cryptocurrency trading platforms, the Supreme Court of India has… Read More

Sentencing of Los Angeles LocalBitcoins Seller Delayed

A LocalBitcoins seller, known as “Bitcoin Maven,” who plead guilty to running an unregistered money transmission business and laundering drug money for Bitcoin, had her sentencing postponed yesterday at a federal court in LA. As part of a pre-indictment plea agreement, Theresa Tetley, 50, pleaded… Read More

P2P Bitcoin Exchange Aims to Launch in 70 Countries: Coinffeine’s Objective Seeks to Provide Alternative to LocalBitcoins

Coinffeine,  an open source, peer-to-peer bitcoin exchange platform, enables users  to buy and sell bitcoins securely and anonymously without having to rely on a centralized exchange like MtGox or Bitstamp. It’s like BitTorrent for  bitcoins.  Coinffeine’s beta P2P exchange, hopes to offer the same local buying service… Read More