A man from the small town of Westwood in California has pleaded guilty to running an unlicensed Bitcoin exchange and ATM, and laundering money. Kunal Kalra, 25 has been found guilty of owning and operating unlicensed money transmitting business which he used to exchange up to $25 million in cash and virtual currencies. Court documents allege the service was used by dark web drug dealers and other criminals. According to said documents, this is believed to be the first federal criminal case charging an unlicensed money remitting business that used a Bitcoin kiosk. Kalra – who was also known as “kumar,” “shecklemayne” ... (full story)