Seattle News Desk

Today in Michigan a man named Bradley Anthony Stetkiw was charged with operating a "money transmitting business" without a license.All because he sold bitcoins on Localbitcoins.com, a site that allows users to sell person to person without an exchange acting as a middle man.After undercover agents arranged to buy $55,000 in Bitcoin, Bradley found himself under arrest. The charges specifiy he violated Title 31 of United States Code, Section 5330 which requires "Registration of money transmitting businesses". You can read theIt's the first charge of it's kind and still unclear if it will hold up in court.This is the second story this month where Localbitcoins.com played a role in a Bitcoin trader finding themselves in a mess, last time, someone using the siteWe will be following new developments in the case as they arise.--------------