bitcoin exchange italia

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bpm bitcoinNEW YORK A Florida man pleaded guilty on Tuesday to charges stemming from his employment with an unlicensed bitcoin exchange that prosecutors say was owned by an Israeli who oversaw a massive scheme to hack companies including JPMorgan Chase & Co.Ricardo Hill, 38, entered his plea in Manhattan federal court to seven counts, including conspiracy to operate an unlicensed money transmitting business, wire fraud and bank fraud.The Brandon, Florida-resident is one of nine people to face charges following an investigation connected to a data breach that JPMorgan disclosed in 2014 involving records for more than 83 million accounts.The charges against Hill stemmed from his employment as a finance support manager and business development consultant for an unlicensed bitcoin exchange called Coin.mx, according to court papers.
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Prosecutors have said Coin.mx was operated by another Florida man, Anthony Murgio, from 2013 to 2015 and exchanged millions of dollars into bitcoin while operating through several fronts, including one called "Collectables Club."Prosecutors said Coin.mx was owned by Gery Shalon, an Israeli who with Maryland-born Joshua Samuel Aaron orchestrated cyber attacks on companies including JPMorgan that resulted in more than 100 million people's information being stolen.
ethereum short interestProsecutors said the men carried out the cybercrimes to further other schemes with another Israeli, Ziv Orenstein, including pumping up stock prices with sham promotional emails.Aaron was deported from Russia in December and taken into U.S.
litecoin price tickercustody, while Shalon and Orenstein were extradited from Israel in June.
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All three have pleaded not guilty.Murgio, who like Hill was not accused of engaging in the hacking scheme, pleaded guilty on Jan.9 to charges that included conspiracy to operate an unlicensed money transmitting business and conspiracy to commit bank fraud.Five other individuals have been charged in connection with Coin.mx, including Murgio's father.Two individuals linked to it are scheduled to face trial on Feb.6.The case is U.S.v. Murgio et al, U.S.District Court, Southern District of New York, No.(Reporting by Nate Raymond in New York; Editing by Tom Brown)The country of Italy is currently dealing with a looming banking crisis.The majority of its loans are not performing and are borderline junk.Despite those concerns, the topic of Bitcoin and regulation has to be touched upon as well.Local taxation official recently drafted a proposal to tax Bitcoin transactions in a corporate environment.Similarly to most other countries in the world, has no clear legal definition for Bitcoin.It is not an official currency, nor a commodity.

However, it has value and anything valuable can be taxed.Up until this point, there was no significant debate on whether or not Bitcoin would go into effect in Italy.Everything was rosy for Bitcoin in the country, up until September 2nd.At that time, the local taxation office drafted a proposal to introduce bitcoin taxation.This is not the most popular decision they will ever make, but it has not gone into effect just yet.For now, the proposal only seems to focus on companies dealing with Bitcoin and other .This approach is similar to what most other countries in the world have been doing.Consumers and other individuals who deal with Bitcoin will not be subject to this proposal, assuming it becomes a law in the end.One thing to keep in mind is how the Italian taxation office seems to be well aware of value gains, or losses Bitcoin brings to the table.This means that companies who hold part of a transaction in Bitcoin will also be taxed on its surplus value if the price rises.A similar concept could be applied to individual cryptocurrency owners later on, though.

While this is nothing more than a proposal, it is in contrast to the on Bitcoin.For now, the European Union has deemed Bitcoin exempt from taxation.Italy seems to go against the grain in this regard, although it remains unknown what will come of this decision.More information will be made available as this proposal goes through the official channels.A New Jersey pastor and a Florida software engineer were convicted on Friday of scheming to help an illegal bitcoin exchange avoid having banks and regulators look into its activities.The bitcoin exchange, Coin.mx, was linked to an investigation of a data breach at JPMorgan Chase & Co, revealed in 2014, that exposed more than 83 million accounts.Pastor Trevon Gross, 47, and programer Yuri Lebedev, 39, were convicted of conspiracy and bribery charges by a jury in Manhattan federal court after a week of deliberations, according to a spokesman for federal prosecutors.Lebedev was also convicted of wire fraud and bank fraud.Henry Klingeman, Gross's attorney, said in an email that he would seek an order overturning the verdict, "and - if and when the time comes - a fair and lenient sentence."Eric

Creizman, a lawyer for Lebedev, had no immediate comment.Prosecutors charged that Lebedev helped arrange bribes to Gross, including $150,000 in donations to his church.In exchange, they say, Gross helped the operator of Coin.mx, Anthony Murgio, take over a small credit union Gross ran from his church.Murgio used the credit union to evade scrutiny of banks wary of processing payments involving the virtual currency, prosecutors say.Lebedev was accused of working for Coin.mx through a front called "Collectables Club."Over the course of a four-week trial, lawyers for Lebedev and Gross tried to paint a different picture, saying their clients did not know that Murgio was running an illegal operation and never acted with corrupt intent.The trial followed a probe rooted in the JPMorgan data breach, which lead to charges against nine people.Gross, Lebedev and Murgio were not accused of hacking.But prosecutors said Coin.mx was owned by an Israeli who was behind the breach, Gery Shalon.Prosecutors say Shalon, together with Maryland-born Joshua Samuel Aaron, orchestrated cyber attacks that resulted in the theft of information from more than 100 million people.Prosecutors said they carried out the hacks to further other schemes with another Israeli, Ziv Orenstein, including pumping up stock prices with promotional emails.