France Confiscates Her First Bitcoins From Arrested Illegal Bitcoin Exchange Operators
For the first time in European history, the French Police arrested three individuals suspected to run an illegal Bitcoin exchange. This marks the first bitcoins obtained by the French Government. In a recent press release, France's National Gendarmerie, a branch of the French Armed Forces, announced that they made three arrests during raids in Cannes, Nice, Toulouse and Brussels. The arrested people are suspected of running an illegal Bitcoin exchange. They were targeted due to the lack of certification from the ACPR, as outlined in a report: "The site used to trade without any approval of....
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French police have seized 388 bitcoins from a bitcoin exchange operating illegally in the country. The coins are worth roughly €200,000 (or $272,800) at current prices. Three were arrested in Cannes, Nice and Toulouse on suspicion of operating a website that illegally sold and lent bitcoin to its registered users. Sources said a retired policeman tipped off the financial authorities when he bought bitcoin at the exchange. The prosecutor in the investigation Olivier Caracotch said that this is the first European case in which judicial action has brought on the closure of an illegal virtual....
The French Police have taken apart an illegal Bitcoin exchange assumed to be bestxchanger.com, which is currently “under maintenance.” Authorities confiscated 388 bitcoins worth nearly US$272,800. Two individuals were placed under investigation as they were suspected of operating a website that sold Bitcoins illegally to the users. A special branch of the French Armed Forces, the National Gendarmerie of France, announced in a recent press release that they made three arrests during various raids in Toulouse, Cannes, Nice, and Brussels. Those arrested are suspected of owning an illegal....
Two alleged operators of underground bitcoin exchange Coin.mx have been arrested at their homes in Florida by the US Federal Bureau of Investigation (FBI) last Tuesday. Anthony R. Murgio and Yuri Lebedev are charged with operating an unlicensed bitcoin exchange, while the former also faces money laundering charges. According to the FBI, Murgio and Lebedev along with other suspects operated Coin.mx in violation of federal anti-money laundering (AML) laws set forth by the United States Treasury Department. Between October 2013 and January 2015, Coin.mx is said to have exchanged at least....
Police in France have reportedly closed the curtains on a bitcoin exchange they say was being run in violation of the law, Reuters reports. (In response to comments below, the name of the exchange is not immediately clear.) In total, authorities have seized about 388 bitcoins from the operation, worth $240,000 at the time of this writing, in a move that comes as global scrutiny on bitcoin and digital currencies is at an all-time high. According to Reuters, two individuals from the cities of Nice and Cannes in the French Riviera were put under a formal investigation as of Friday, and have....
Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest the victims and freeze their assets. Bitcoin Extortionists Arrested in India Delhi police have reportedly arrested 96 people for allegedly extorting bitcoin from foreign nationals through fake call center schemes. According to local media, 54 people were arrested for running a call center in west....