“Privacy condemned. After the five-year sentence given to his colleague Keonne Rodriguez, the American justice system sentenced William Hill to four years in prison for operating an unlicensed money transfer business. The two developers of Samurai Wallet now know their punishment in the context of cryptocurrency privacy tools being increasingly scrutinized by authorities. Key points of this article: William […]”, — write: businessua.com.ua
Privacy condemned. After five years of the term imposed on his colleague Keonne Rodriguez the American justice system condemned William Hill to four years imprisonment for running an unlicensed money transfer business. The two developers of Samurai Wallet now know their punishment in the context of cryptocurrency privacy tools being increasingly scrutinized by authorities.
Key points of this article:
- William Hill was sentenced to four years in prison for running a money transfer business without a license.
- Cryptocurrency privacy tools like Samurai Wallet are at the center of an intense crackdown by US authorities.
Samurai Purse: Controversial Verdict According to court documents dated November 19, William Gill received a lighter sentence than his accomplice, Keonn Rodriguez who was sentenced to five years in prison at the beginning of this year. Prosecutors took into account his advanced age William Gill (67) and a recent diagnosis of autism as mitigating circumstance.
In July, two men pleaded guilty to conspiracy for the purpose of conducting an unlicensed money transfer business, which resulted in the withdrawal accusations of money laundering . The Department of Justice (DOJ) alleges that Samurai Wallet contributed illegal transactions in the amount of more than 237 million dollars .
The American justice system finally sentenced the two developers of Samurai Wallet to 4 and 5 years in prison.
Privacy tools in the spotlight Prosecutors co-founders were charged with developing and promoting features privacy wallet such as Whirlpool (coin mixing service) and Ricochet (transaction obfuscation tool) to attract eager users to hide origin of illegal funds. These services were described as “end-to-end channel of money laundering”.
This case is part of a wider one measures United States v cryptocurrency mixers which are often used by attackers such as North Korea to evade tracking and bypassing law enforcement agencies.
The William Hill ruling marks a new stage in the authorities’ fight against cryptocurrency privacy tools. While proponents of these technologies advocate the right to privacy, regulators see them as threats to security and compliance. Therefore, this debate is far from over.
Source: journalducoin.com
Please wait…