The USAG accuses two individuals for "providing parallel banking services" to encryption exchanges; including Bitfinex


Cryptographic repression continues.

The US Attorney General's Office has charged two people for offering so-called parallel banking services to unnamed crypto-nomadic scholarships, according to an announcement made on April 30.

According to the press release, Ravid Yosef and Reginald Fowler were charged with "bank fraud and operating an unlicensed money transmission business." According to a court filing in the Southern District of New York, the pair opened accounts to transfer funds for encryption exchanges under Global Trading Solutions.

Block readers can remember the name. As Larry Cermak of the block first reported, this firm served as a banking partner with the Bitfinex encryption exchange, which was recently sued by the New York Attorney General's Office. In addition, Global Trading Solutions, LLC is also affiliated with Global Trade Solutions AG, which is the parent company of Crypto Capital, the payment processing company that was involved in the previously mentioned process by Bitfinex.


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