US Arms Dealer Allegedly Used Bitcoin for Purchases

US Arms Dealer Allegedly Used Bitcoin for Purchases

A Michigan man has been indicted for allegedly using bitcoin to buy and sell illegal gun components on the dark web. Benjamin James Cance, from Plainwell, is facing charges for shipping illegal arms, possession of an unregistered machine gun and money laundering. Cance appeared before Magistrate Judge Phillip J Green yesterday and pleaded not guilty. He has since been released on bond and is awaiting trial, although no official date has been set. International arms shipment is punishable by up to 20 years in prison, whereas the maximum penalty for money laundering and possession of a....


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