Bitcoin dealer gets two-year prison sentence for unlicensed cryptocurrency exchange

A 22 -year-old man has been sentenced to two years in prison for selling unlicensed bitcoins. His crime was operating a bitcoin exchange without registering with the Financial Crimes Enforcement Network of the US Department of Treasury.

Jacob Burrell Campos, a American citizen and Mexico resident, has been held in custody without indemnity since August 2018. He pleaded guilty in October 2018, admitting that he utilized no anti-money cleaning measurements and didn’t check up on details about his the consumers and where their coin came from.

Burrell wasn’t accused of explicitly committing criminal activities such as embezzling or scamming patients, but simply having an unlicensed exchange was enough to earn him two years in prison. Burrell advertised his…

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