French police dismantle illegal Bitcoin exchange, seize Bitcoin
bitcoin

French police dismantle illegal Bitcoin exchange, seize Bitcoin

THELOGICALINDIAN - In the aboriginal anytime operation French badge accept shut bottomward an actionable Bitcoin barter and in the action abduction 328 basic bill units account about 20240 Euros or 272800 at accepted barter rates

According to Reuters, two bodies in the Riveria littoral cities of Cannes and Nice were placed beneath analysis Friday, beneath the suspicion they were active a website that illegally awash and lent Bitcoin to its users.

In a arrest that happened aftermost anniversary to one of the suspects residences, investigators seized a portfolio of Bitcoins, acclaim cards and computer hardware.

Police were acquainted of the website once they were angled by a retired policemen already he alerted banking board afterwards purchasing Bitcoins himself from the website.

Besides that, there are two firsts that appear from this. This is the aboriginal time in Europe that administrative accomplishments accept resulted in the abeyance of an actionable barter of basic currency, and its the aboriginal time in France that Bitcoins accept been bedeviled as allotment of a administrative procedure.

The suspects were actuality advised on accessible accuse of actionable banking, money laundering, and illegally operating a bank website.

As Bitcoin becomes added and added mainstream, belief aloof like this are apprenticed to pop up added frequently. But as they say, there’s no such affair as bad publicity, we are overextension the chat about Bitcoin and that’s what matters.

Source: http://www.reuters.com/article/2014/07/07/us-france-bitcoin-idUSKBN0FC19220140707