Tuesday, 30 April 2019

USAG charges two individuals for ‘providing shadow banking services’ to crypto exchanges; including Bitfinex @TheBlock__

The crypto crackdown continues. 

The U.S. Attorney General's Office has charged two individuals for offer...

The crypto crackdown continues. 

The U.S. Attorney General's Office has charged two individuals for offering so-called shadow banking services to unnamed cryptocurrency exchanges, according to an announcement out April 30. 

As per the press release, Ravid Yosef and Reginald Fowler were hit with charges of "bank fraud and operating an unlicensed money transmitting business." According to a court document filed in the Southern District of New York, the duo opened up accounts to transfer funds to crypto exchanges under Global Trading Solutions. 

Readers of The Block might recall the name. As The Block's Larry Cermak first reported, that firm served as a banking partner with crypto exchange Bitfinex, which was issued a lawsuit recently by the New York Attorney General's Office. 



source https://www.tokentalk.co/The Block/usag-charges-two-individuals-for-providing-shadow-banking-services-to-crypto-exchanges-including-bitfinex-5cc8ab215e27663e7ced63a8

No comments:

This analyst says there’s a “high chance” Bitcoin may never fall under $5k again @cryptoslate #Analysis #Price Watch

Once Bitcoin (BTC) started to incur strong losses in the second half of 2019, analysts were once again making extremely low price prediction...