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12 sats \ 0 replies \ @chapped 5 Jan \ parent \ on: The Taboo Against P2P Liquidity Providers Must End bitcoin
Sadly, using cash by mail is exactly how some people get "caught" a running an "Unlicensed Cryptocurrency Business."
https://www.justice.gov/usao-wdnc/pr/durham-nc-man-sentenced-prison-operating-unlicensed-cryptocurrency-business-and
That's what Jayton told me likely happened. He sent cash to a man in California from North Carolina who was somehow involved in meth drug trade and they followed the money back to Jayton.
Jayton had his home raided by a FBI and IRS dual taskforce! They siezed all of his assets, gold, silver, cash and bitcoin that they could find. He told me he had good encryption and backups on his computers so I hope they didn't get too much bitcoin.
Thankfully, Jayton was recently released from prison but it definitely made me think twice about P2P trading in the USA.