Share this article
New Jersey Man Indicted Over Unlicensed Bitcoin Exchange
A resident of New Jersey has been charged with running an unlicensed bitcoin exchange service called Destination Bitcoin.
Updated Sep 13, 2021, 11:14 a.m. Published Jul 25, 2019, 8:20 a.m.
A 46-year-old resident of the U.S. state of New Jersey has been charged with running an unlicensed bitcoin exchange.
William Green of Monmouth County was indicted on one count of operating an unlicensed money transmitting business via the operation of a website called Destination Bitcoin.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Through the site, he allegedly accepted more than $2 million in cash, turning the funds into bitcoin for customers for a fee, the New Jersey Attorney's Office said in a press release on Wednesday.
Green is set to appear before a district judge on a date yet to be determined. He has previously been charged with the same offense back in February, 2019, the release indicated.
The office said that, under federal law, any person who owns or operates a money transmitting business must register the business with the Secretary of the Treasury.
"However, Green did not register, either in his own name or in the name of his business, with the Secretary of the United States Treasury as a money transmitting business," it said.
The charge carries a maximum penalty of five years in jail and a $250,000 fine.
Gavel image via Shutterstock
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
Lo que debes saber:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
Top Stories
