A McLean County man named Powell exchanging cash anonymously for last 18months and It is found that he headn’t registered his bitcoin exchange business in the state of Illinois or with the Federal Government.
Thus court decided and sentenced him to four years jail life in federal prison for exchanging Bitcoin without license.
However The U.S. Attorney’s Office located in central Illinois informed us that 55-year-old John D. Powell was sentenced 4years of Prison life by Judge Shadid.
FYI: Bitcoins are virtual currency used to buy and sell some goods and services without government-issued money. The cyber currency also allows people to conduct transactions anonymously.