Charlie Shrem’s arrest could not have have come at a worse time.
The BitInstant founder and Bitcoin Foundation vice chairman was charged last week with conspiracy to commit money laundering, failure to report suspicious financial activities to authorities and for operating BitInstant without a money transmitter license just days before the BitLicense hearings, EDC breakfast and Wells Fargo panel in New York City.
While news of his arrest stole headlines across the major news media, a larger debate raged within the community regarding Shrem: how should the Bitcoin Foundation, the industry’s lone advocacy group, treat one of its own in the face of a serious criminal complaint?
February 04, 2014 at 06:51PM
