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New Jersey man faces 5 years in jail over unlicensed BTC exchange 2 min read April 9, 2021 cryptheory A New Jersey man has admitted to operating an unlicensed digital currency exchange for 18 months. He allegedly converted over $2.5 million for his clients without obtaining the required licenses. William Green appeared before U.S District Judge Kevin McNulty on April 5 to answer to one count of operating an unlicensed money transmitting business. As the Justice Department revealed in a press release, the 53-year-old Wall, New Jersey native pleaded guilty to the charge by video conference. The DoJ indictment alleges...
