California man laundered $25M through his own DIY Bitcoin ATM and exchange

A man from the small town of Westwood in California has pleaded guilty to running an unlicensed Bitcoin exchange and ATM, and laundering money. Kunal Kalra, 25 has been found guilty of owning and operating unlicensed money transmitting business which he used to exchange up to $25 million in cash and virtual currencies. Court documents allege the service was used by dark web drug dealers and other criminals. According to said documents, this is believed to be the first federal criminal case char