Court ruling paves way to arrest unregulated Bitcoin sales ...

Here Comes the Government Again

First of all, I'd like to point out that I'm not the average Reddit user, and that I rarely post (pls dont bash ;c;).
But something on the news today got me jumping, and I think it could be of concern for the future of Bitcoin trading, thus me posting here in the first place.
If you ever did business on, or ever had bitcoins in hand at all, then this is of matter for you to read further.
Last February, A canadian called Pascal Reid, was arrested and is currently being used as the puppet of the state to make your "future" life a whole lot harder.
The State of Florida is charging Pascal Reid with 2 counts of money laundering and 1 count of operating a money service business without a license (really?).
Pascal pleaded not guilty on all 3 counts. Pascal was setup and arrested based on a fictitious story about the source of the money involved in the transaction.
The arrest affidavit also mention Pascal requesting illegal identification when no such request was made and Pascal declining the purchase of stolen credit cards offered at several occasions by the Secret Service agent.
Long story short, the guy was the average bitcoin trader, and when an undercover agent went ahead, saying he wanted to buy stolen credit cards, Pascal refused, then they SWATed him anyways, creating false evidence.
The government is simply trying to pave the road to make future cases a lot easier to solve for the police department, meaning that if the false accusations of this case are put forward and the guy gets imprisoned (for a minimum of 25 years, by the way), then whatever case includes Bitcoins, is going to be referred to that case in particular.
The guy is totally innocent as far as the reports go, never did anything wrong that could have harmed anyone directly, and simply wanted to make Bitcoins more of a reality, like all of you guys.
So, the thing is, we may be required to own a license to sell bitcoins at some point if we allow that, because the long term goal of the US government is to put laws and regulations on the currency, and eventually control it.
Pascal geared himself with a super legal team, but however, it costs around 25,000$ per month (Ouch!).
His mom put up a small website in order to raise funds:
Here's the full report:
WHY SHOULD YOU CARE? (AKA the website puts it better than me :v)
The State of Florida is using Pascal as an example and to set precedents and to establish new regulations in regards to the new digital currency.
They have setup a fictitious story and contacted Pascal directly from the website in order to trade bitcoins.
With these charges, even a first offender who has never been arrested before, could faces a maximum prison sentence of 15 years on one of the money laundering charge, an additional 5 years for the second money laundering charge and 5 years on the unlicensed money transmitter charge for a total of 25 years if the judge was to give a consecutive maximum sentence.
For this reason, Pascal needs the best legal defense available.
The website accepts donations via Bitcoins and PayPal alike. I already donated 10$, but talking about it is much more powerful IMO than giving money.
So, on that note, thanks for reading my post, and I hope that this will induce some thinking on the future of the awesome, cat-fueled currency that is Bitcoin.
EDIT #1: Wow ༼ ༎ຶ ෴ ༎ຶ༽. Over 500$ raised in one day. I-I just can't... * cries of joy *
EDIT #2: Here is the full news report about the event on TV:
Lot's o' Love
An occasional Redditor!~
submitted by Bungeetaco to Bitcoin [link] [comments]

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A Miami Beach man can be prosecuted for selling Bitcoin to an undercover detective, ... News alerts in your inbox. ... Pascal Reid, who pleaded guilty to acting as an unlicensed money broker and ... Video images obtained by NBC 6 from an undercover operation that landed Pascal Reid and Michel Espinoza in jail show the men’s surprise when agents with guns drawn rushed the room. Pascal Reid and Michell Espinoza were arrested Miami Beach in an undercover sting in February. Police found them by trolling a bitcoin exchange website and posed as credit card thieves looking to ... Posts Tagged: Pascal Reid. ... Berkeley and keen follower of Bitcoin-related news, said he is unaware of another case in which state law has been used against a Bitcoin vendor. According to Weaver ... The campaign site for Pascal Reid warns that the outcome of the case will set a future precedent, and therefore urges support for the benefit of Bitcoin. Reid and Michel Abner Espinoza were arrested in Florida on charges of money laundering and operating an unlicensed money services business, not long after the arrests of Charlie Shrem …

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The Bitcoin Foundation has filed an amicus brief formally expressing their strong viewpoint in the matter of the Florida state criminal case of user Pascal Reid, who faces ... PascalCoin is a project that has extended the blockchain paradigm with revolutionary technology which allows it to have a deletable blockchain, infinite scaling, zero fees, and instant ... Subscribe this channel for cryptocurrency latest News and best knowledge about mining Please contact us 7700000209 Know More About Crypto Currency & How T... Skip navigation Sign in. Search The overt politicization of third party payment processors and well as the interference of Google has set us up for a rough 2020 presidential election. Crypt...