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The moment armed cops bust 'Bitcoin money launderer'Pascal Reid, 30, pleaded guilty to the less serious charge of operating an unlicensed money-transmitting business as part of the plea. According to his arrest form, Mr. Reid was told by the undercover agent that the money used to buy his bitcoins came from credit-card data. A judge has sentenced Florida LocalBitcoins user Pascal Reid to serves 90 days in jail in a ruling that closes a notable legal case from