Drudge Retort: The Other Side of the News
Monday, September 01, 2014

A prominent supporter of Bitcoin, Charles Shrem, said he will plead guilty to resolve federal charges that he helped smooth the way for drug transactions on Silk Road. He is to plead to one count of aiding and abetting the operation of an unlicensed money transmitting business. Shrem, a founding board member of the Bitcoin Foundation, was accused in January of using his company to convert dollars into Bitcoin for users of Silk Road, the now-defunct bazaar known for its wide selection of narcotics and drug paraphernalia. Shrem, 24, is hoping to avoid jail time and continue evangelizing the virtual currency. "I want to do the good work I was doing before I got arrested," he said.

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