[2014-07-07] RT: Bitcoin busted: French police wind up 1st illegal virtual curre

Nemo1024

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Quote from: LiteCoinGuy on July 07, 2014, 03:57:48 PM

already posted:

https://bitcointalksearch.org/topic/2014-07-07-reuters-french-police-dismantle-illegal-bitcoin-exchange-680768

Yes, I saw that is was posted from another source. However, the point of this sub-forum is to document BTC in press, so naturally, the same story might appear in several outlets, all of which should be referenced.

notthematrix

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Quote from: #yolo on July 08, 2014, 04:51:05 AM

This is a big warning for all unregistered bitcoin exchangers. IMO this is partially positive since BTC is getting more market/people when it's more legislated and has a more "legal" appearance.
Although following these strict regulations the one buying BTC's loses some of his privacy it's still hard to absolutely confirm that a person owns the coins or not after moving from an address to another.

Its a fake story!!!!
No webside no video's no names!!!!!
https://bitcointalksearch.org/topic/m.7731463

so in this case it is is , but yes make sure you have a offshore banking license....
http://www.aspenassurance.com/offshore-banking-licenses

#yolo

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This is a big warning for all unregistered bitcoin exchangers. IMO this is partially positive since BTC is getting more market/people when it's more legislated and has a more "legal" appearance.
Although following these strict regulations the one buying BTC's loses some of his privacy it's still hard to absolutely confirm that a person owns the coins or not after moving from an address to another.

freedomno1

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Learning the troll avoidance button :)

Quote from: LiteCoinGuy on July 07, 2014, 03:57:48 PM

already posted:

https://bitcointalksearch.org/topic/2014-07-07-reuters-french-police-dismantle-illegal-bitcoin-exchange-680768

Ah woops didn't see that myself
That said I think this one is fine since it uses an alternative sourcing.

LiteCoinGuy

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already posted:

https://bitcointalksearch.org/topic/2014-07-07-reuters-french-police-dismantle-illegal-bitcoin-exchange-680768

freedomno1

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Learning the troll avoidance button :)

Hmm that is a first
Not sure what my reaction should be surprise or tell them to register seems a bit early to go on a crackdown though.
Then again with that ridiculous tax bracket ...
http://www.bbc.com/news/business-25541739

The website – which illegally sold and lent crypto-currency to its users – had been used for at least 2,750 transactions with at least 2,500 bitcoins – between November 2013 and July 2014, according to Radio France international (RFi).

Under French law, platforms that exchange bitcoins and euros have to be approved by the ACPR, the country’s financial watchdog. However, police discovered that the website operated by the suspects had not been authorized.

Nemo1024

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Bitcoin busted: French police wind up 1st illegal virtual currency trading ring
http://rt.com/news/170988-bitcoin-france-police-exchange/

Quote

French police have eliminated an illegal Bitcoin trading network worth 200,000 euro (about $272,000) in a first operation to bust a virtual money exchange in Europe, authorities revealed Monday.

Two people have been detained and placed under investigation following raids last week in the southern French cities of Nice, Cannes and Toulouse, and in Brussels, Belgium, that also resulted in the seizure of 388 bitcoins, AFP reports.

Topic: [2014-07-07] RT: Bitcoin busted: French police wind up 1st illegal virtual curre (Read 1080 times)