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Write Gambling Software, Go to Prison

http://www.wired.com

Could something like this happen to Bitcoin? FTA: "In a criminal case sure to make programmers nervous, a software maker who licenses a program used by online casinos and bookmakers overseas is being charged with promoting gambling in New York because authorities say his software was used by others for illegal betting in that state. New York authorities say that about $2.3 million that Robert Stuart and his company, Extension Software, received in cash and money orders for licensing his software constitutes direct proceeds of illegal, U.S.-based bookmaking operations."

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Cyphase's picture
Created by Cyphase 1 year 32 weeks ago
Category: Regulation   Tags:

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