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EXCHANGE

An exchange is usually a place where users can gain access to markets for the purpose of buying or selling financial instruments. The purpose of exchanges are to ensure that trades take place in an orderly and efficient manner and to provide price information regarding available financial instruments.

Unlicensed Bitcoin Exchange Operator Faces Up to 5 Years in Prison in the US
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Unlicensed Bitcoin Exchange Operator Faces Up to 5 Years in Prison in the US

William Green, a 46-year-old American citizen of New Jersey has been indicted on one count of operating an unlicensed money transmitting business through his website, Destination Bitcoin.