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TheBlock 2020-01-17 21:31:24

Alleged ‘shadow banker’ for crypto exchanges pleads guilty to charge of running unlicensed money transmission business

Alleged “shadow banker” Reginald Fowler has pled guilty to operating an unlicensed money transmittal business. In Apr. 2019, Fowler and Israeli national Ravid Yosef were arrested together for allegedly running “a shadow bank that processed hundreds of millions of dollars of unregulated transactions on behalf of numerous cryptocurrency exchanges,” according to an announcement by the […]The post Alleged ‘shadow banker’ for crypto exchanges pleads guilty to charge of running unlicensed money transmission business appeared first on The Block.

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