Case against Colorado Bitcoin Trader Reportedly Dismissed

The indictment of a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term trader in Colorado, Burton Wagner, for unlicensed money transmission has reportedly been dismissed.

Wagner had reportedly been arrested and faced up to 5 years in prison and a $250,000 fine for conducting a digital currency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term business without licensing.

While the actual trading of bitcoins, which is conducted by thousands of individual traders, should not fall into the category of money transmission, a court document indicates that Wagner's business allegedly "involved the transport and transmission of funds that were known to the defendant to have been derived from a criminal offense and were intended to be used to promote and support unlawful activity.”

U.S. District Court Judge William J Martinez has now reportedly dismissed the case, upon request from the U.S. Department of Justice.

It is not yet clear why the case was dismissed, although Wagner's supporters have accused the prosecution and federal agents of corruption.

In a blog post apparently written by Wagner's wife, an attorney, she claims numerous incidents of serious misconduct throughout the proceedings. She says the case has depleted a large portion of their savings, incurring a debt of $95,000 from legal fees and total costs amounting to $284,373. A campaign for their defense fund has reached $12,398 thus far.