New Jersey resident William Green is sued for illegally operating a currency conversion BTC service

On July 24, the US Department of Justice published an indictment in a press release, and 46-year-old New Jersey resident William Green was charged with illegally operating a money transfer service. The indictment and court statement show that Green operates a BTC conversion service purchased by a legal currency through the website Destination Bitcoin. Green will collect money from his clients to exchange cash for BTC. The results of the survey further indicate that Green did not register with the US Treasury Secretary in any capacity. The maximum penalty for Green’s alleged crime is five years’ imprisonment and a $250,000 fine.