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New York State Convicts Money Laundering Involving Bitcoin

Liang CHE

Summary: According to coindesk.com, New York State convicted cryptocurrency money laundering for the first time in a multi-million dollar bitcoin and Western Union remittance case. The Manhattan District Attorney's Office announced on Wednesday that the 35-year-old defendants, Callaway Crain and Mark Sanchez, earned $2.8 million in revenue from the sale of controlled substances on the Internet.

According to coindesk.com, New York State convicted cryptocurrency money laundering for the first time in a multi-million dollar bitcoin and Western Union remittance case. The Manhattan District Attorney's Office announced on Wednesday that the 35-year-old defendants, Callaway Crain and Mark Sanchez, earned $2.8 million in revenue from the sale of controlled substances on the Internet.

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