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There are many similar cases in the United States where untapped P2P transactions face bitterness

The U.S. Department of Justice's Maine Prosecutor's Office recently announced: "Detroit men were sentenced to one year for operating unlicensed bitcoin." Sal Mansy's behavior involved different government agencies in two U.S. states, eventually leading to his arrest, He was eventually jailed for failing to declare the sale of the P2P bitcoin in advance and the proceeds from it.

P2P Bitcoin transaction

Localbitcoins is a P2P exchange where both buyers and sellers can securely exchange cryptocurrencies, where legal currency is not necessary. However, law enforcement agencies in the United States often target this service to penalize bitcoiners in the name of monetary law, though the legislature has long made it clear that bitcoin is not a currency.

SalMansy of Detroit is already involved in a third similar case. Mansy has been under investigation for a year because Bitcoin is traded via Localbitcoins. Ministry of Justice, Ministry of Finance, Financial Crimes Enforcement Network, Immigration and Customs Enforcement, Homeland Security Bureau, Sake Bureau and other departments are involved in the investigation of the case.

It is reported that since 2013, Mansy has traded worth 2.4 million U.S. dollars in bitcoin in two years. In June 2015, officers and Mansy conducted two transactions, about 6 bitcoins, worth 2000 U.S. dollars.

Court documents stated that Mansy illegally operated an unauthorized currency transfer business, which in this case is related to the virtual currency bitcoin.

Therefore, he faces a maximum of five years in prison and another $ 250,000 in fine.

Other similar cases

This is the third U.S. related case, two of them from Michigan. Detroit is now almost synonymous with depression, as early as 2014, the city has declared bankruptcy. It is hardly surprising, therefore, that law enforcement is eyeing Mansy: he seems to be one of the few inhabitants of Detroit capable of conducting financial transactions.

Mansy, through his firm, Tv Toyz, manages the proceeds he gains from bitcoin transactions, triggering a series of allegations of money laundering, fraud and undocumented operations. Mansy will be serving a year in prison and pay a fine of $ 118,000 (cash + bitcoin). In addition, he needs to spend three years on parole.

The court documents did not mention Mansy's illegal activities in the proceeds from bitcoin transactions. But he was still considered a villain because "bitcoin without a license transaction" was forced to give up four years of free life.

There have been two more similar cases this year in the United States: Bradley Stetkiw, also from Michigan, was also arrested for detective fishing enforcement; and Jason Klein was accused of operating unauthorized money services. The two of them are still waiting for the final verdict.