A 35-year old New York City man is facing a tax fraud and other charges after he was arrested for operating an illegal Bitcoin ATM business that he marketed towards individuals engaged in criminal activity, according to the district attorney’s office.
Alvin L. Bragg, district attorney for New York City, announced the indictment presented against Robert Taylor on Wednesday.
Taylor, according to prosecutors, operated Bitcoin kiosks in at least 46 locations in New York City, mostly in laundromats, as well as locations in New Jersey and Miami.
Allegedly, between 2017 and 2018, he converted more than $5.6 million of his customers’ cash into Bitcoin while charging
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