What governments all over the world are scared of actually exists. Lots of countries claimed that they would tackle on bitcoin and its brethren as long as they can be used for malicious purposes like money laundering, terrorism supply and the purchase of illicit goods as weapons and drugs.
Not long ago the US the Immigration and Customs Enforcement agency prevented what could have been the sale of prohibited drugs for bitcoin, in particular, for $9.99 worth of BTC.
According to case files from the US Southern District Court of California, a man, called Morgan Rockcoons was arrested for selling bitcoin for fiat that was (as he was told) the returns of the production and allotment of tabooed “hash oil.”
No space for dealers
Between December 30, 2017, and January 8, 2018, the man Rockcoons with a clandestine agent purportedly swapped 9.998 BTC, which valued at that time approximately $9,208, for $14,500 in public currency.
The man was told that the money was the gains concerning oil, which comprises tetrahydrocannabinol or THC. This chemical compound is the primary psychoactive element of cannabis and is among other controlled essences by the Schedule I by US federal law.
Later, in February, he was arrested by the Immigration and Customs Enforcement agency. It is the American federal government law enforcement body, which functions within the jurisdiction of the US Department of Homeland Security.
Now, the person is accused of deliberately carrying out a financial operation with a law enforcement agent for the rewards of criminal practices. The case regards the money laundering count as well. On top of that, the authorities aspire to seize all his assets that have a connection with the case.
By the way, it is not the first case of such matter. Earlier, a user of Localbitcoins, based in the state of Michigan, was charged. Then, an undercover agent said that any operation of over $3,000 must conform to the know-your-customer regulations.