DOJ Charges Seller of Crypto for Not Having a License

Last Updated: June 26, 2021

Jason

Jason

Hi! I'm the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!
Department of Justice
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The justice department in the U.S. has charged a man in New Orleans for operating a money transmitting business that’s illegal. Allegedly, Michael Yusko III over two years used bank accounts to sell cryptocurrency and make a profit. He did this through bank accounts associated with a business that he owned.

cryptocurrency

Yusko didn’t comply with registration requirements related to federal money transmitting. Any money transmitting business in America needs to register with the Financial Crimes Enforcement Network.

Written by Jason

Hi! I’m the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

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