CeX, Drugs, and a Fond Farewell
Welcome to the CoinDesk Weekly Review 20th April 2014 - a regular look at the hottest, most thought-provoking and most controversial events in the world of digital currency through the eyes of scepticism and wonder. John Law takes his leave, but not before compressing the entire week's news. After practically a year perched somewhat unsteadily at CoinDesk's in-house bar - they like to keep it exclusive, but the absinthe cocktails are to die for - it's time for John Law to move on. This is the last of these weekly columns. So, let's get the week's news out of the way. What did we learn over....
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Drugs are generally classified as illegal in most of the places across the world. Each country has its own legislation against the production, sale, possession and consumption of different recreational drugs. Just because the use of certain drugs for recreational purposes is illegal doesn't mean those drugs are not available in that country. People can always find ways to procure these substances through intermediaries or they can always order over the internet on sites like Silk Road. People sometimes pay a small fortune to procure these drugs, and they may not always get what they paid....
A new report has found that when it comes to selling drugs online, the Netherlands is one of the leading countries selling drugs through darknet vendors. The report, Internet-facilitated drugs trade [pdf] was undertaken by the Dutch justice ministry and looked at the size, scope, and the role the Netherlands plays in the online drugs trade. The role of the Internet as an avenue for people to utilize to buy and sell drugs first gained attention during Silk Road. However, even though it was taken down by the FBI in October 2013, it wasn’t long before replicas replaced it. According to the....
Law enforcement authorities in Spain have arrested a man who was selling drugs procured from the deep web. Bitcoin and drugs are known to go well together. While there is some truth to it, the media has portrayed digital currency as the preferred currency for buying and selling illegal drugs, contraband and weapons. But again the definition of “Illegal Drugs” vary from place to place. The law enforcement authorities in A Coruna province recently arrested a man who was selling drugs over the internet in the region. According to the police, the perpetrator used to place online advertisements....
Shopping for drugs on darknet marketplaces is growing despite authorities’ concerted efforts to shut them down, according to a new survey. The Darknet Lives. The Global Drug Survey 2016 (GDS) reports that almost one in 10 participants (9.3 percent) have purchased drugs on the internet at least once — up from 6.7 percent in 2015 and 4.5 percent in 2014.....
A southern Tasmanian man has pleaded guilty to trafficking a controlled substance, following what the police have called the biggest drugs bust in the state's history. Nicholas Mark Stebbins trafficked drugs including amphetamines, MDMA and cocaine with an estimated street value of $11m between August 2012 and July 2014 - and paid for them with bitcoin. Hobart's Supreme Court heard that Stebbins helped arrange and pay for seven parcels filled with drugs to be posted to Tasmania from overseas. Crown prosecutor Darryl Coates said that the parcels, which were intercepted in Tasmania, Western....