Bitfinex defendant in 'shadow bank' case pleads guilty to allegations of operating unlicensed remittance business

The defendant in the "shadow bank" case, Reginald Fowler, pleaded guilty to allegations of operating an unlicensed remittance business at a court hearing on Friday and pleaded guilty to providing exchange with banking services through Crypto Capital operations. It is reported that the payment processor Crypto Capital serves exchanges such as Bitfinex, QuadrigaCX and CEX.io.