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>> INTERNAL REVENUE SERVICE Latest News

JAN 27, 2014 - Business Insider

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CEO OF BITCOIN EXCHANGE ARRESTED

The CEO of BitInstant, a Bitcoin exchange, has been arrested at JFK airport and charged with money laundering. Charlie Shrem, along with a co-conspirator, is accused of selling over $1 million in Bitcoin to Silk Road users. Shrem is also listed as a vice chairman at the Bitcoin Foundation. BitInstant.com is currently offline. It was recently the subject of a class-action suit alleging misrepresentation of its services. The arrest comes on the eve of a two-day state hearing about the future of Bitcoin in New York. Full release from the Justice Department: Manhattan U.S. Attorney ... Read More

Tags: CEO OF BITCOIN EXCHANGE ARRESTED,  Internal Revenue Service Latest News