Enchanted Bitcoins, Stromberg’s company, said it believes it has cleared these hurdles by establishing a full anti-money laundering program and registered as a money services business with the U. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Which leads to a simple way to send and receive money, anywhere in the world, to anyone you would like. We’re using cookies to improve your experience. Prosecutors say Shrem knowingly conducted and even facilitated business with a shadowy figure who was funneling bitcoins to users of Silk Road , the online black market for drugs. Instead it is used to primarily buy bitcoins with hard cash, and on a rare occasion some of these ATMs will also sell them.