Sunday, June 28, 2015

Bitcoin Poker Site Founder Takes Plea Deal

Another Bitcoin-related operator crushed by the government.

According to the Las Vegas Review Journal, Bryan Micon,  who ran a Bitcoin-based online poker site and then fled to Antigua after being raided earlier this year, has pleaded guilty.

He accepted probation on Thursday and will also pay a $25,000 fine, surrender the site computers, 3.0996 bitcoins ($750) and the $900 that were seized from him during the raid. Once complete, his charge will be reduced to a gross misdemeanor of operating an unlicensed interactive gaming system.

I repeat, the idea that Bitcoin is some kind of magical currency that immunes one from government prosecution is absurd. It is more trackable than currency.


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