Bitcoin dealer sentenced to four years in US prison

A New York court Tuesday handed a four-year prison sentence to a Bitcoin exchange operator who sold virtual currency used to buy drugs on the Silk Road underground website. Robert Faiella, 55, and an accomplice were charged with conspiracy to commit money laundering and running an unlicensed money transmitting business. Faiella, who pleaded guilty in September 2014, was also ordered to pay $950,000.

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