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Warrant Reveals Homeland Security Seized Mt. Gox’s Dwolla Account for ‘Unlicensed Money Transmitting’

Posted by DarC 
"Yesterday the Department of Homeland Security shut down Bitcoin trading platform Mt. Gox’s ability to accept or send transfers using Dwolla, a mobile payment service. A representative from Dwolla told Betabeat that the DHS had sent them a “seizure warrant” for the account, but declined to provide further detail. Now, in the warrant, obtained by Ars Technica, the reason for the seizure has been revealed: DHS believes Mt. Gox is operating an “unlicensed money transmitting business.”

In the warrant, a special agent for Homeland Security Investigations states that he has reason to believe Mt. Gox is breaking 18 U.S.C. section 1960, a crime punishable by up to 5 years in jail."

[betabeat.com]
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