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Bitcoin Promoter Pleads Guilty To Unlicensed Use Of Currency


Ron Burgundy
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Bitcoin promoter Shrem walks out of federal court in Lower Manhattan, New YorkBy Joseph Ax NEW YORK (Reuters) - A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said. Charlie Shrem, 24, pleaded guilty at a hearing in New York federal court to one count of aiding and abetting an unlicensed money transmitting business. A co-conspirator, Robert Faiella, 54, separately pleaded guilty to operating such a business. "I knew that much of the business on Silk Road involved the buying and selling of narcotics," Shrem said in court.




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