Topic: 3 arrested in Bangladesh for merely trading Bitcoin - page 6. (Read 975 times)
This is misinformation how can you say arrested because they where trading bitcoin, from the body of your post I can tell you that the gang arrested are more of cyber criminals who operate on a website which police have blocked, so how do you relate operating a website and trading bitcoin?
They were robbers who were robbing innocent people. What is so bad about that? The title made me think that innocent people were arrested. It is a known fact that Bitcoin is not completely anonymous in nature which is why it is possible to trace BTC TX to an extent.
KYC process makes it even more easier to trace a transaction in this aspect.
KYC process makes it even more easier to trace a transaction in this aspect.
Even if they were innocent, trading anything illegal in a country is a punishable offence and they would be arrested. This is what the Bangladesh Bank said: https://www.coindesk.com/bangladesh-outlaw-bitcoin-jail
It's a good thing that they have been arrested.
If they're doing it for a long time, I guess authorities have been looking after their activities.
Though they're already paying for what they did,
we still can't deny the fact that there are still lots of criminals roaming around like them so it should serve as a warning and we must be observant all the time.
If they're doing it for a long time, I guess authorities have been looking after their activities.
Though they're already paying for what they did,
we still can't deny the fact that there are still lots of criminals roaming around like them so it should serve as a warning and we must be observant all the time.
They were robbers who were robbing innocent people. What is so bad about that? The title made me think that innocent people were arrested. It is a known fact that Bitcoin is not completely anonymous in nature which is why it is possible to trace BTC TX to an extent.
KYC process makes it even more easier to trace a transaction in this aspect.
KYC process makes it even more easier to trace a transaction in this aspect.
https://www.youtube.com/watch?v=KncarNpmGzY
https://www.dhakatribune.com/bangladesh/nation/2019/04/27/bogra-cyber-police-arrests-three-members-of-cryptocurrency-gang
Bogra cyber police arrests three members of cryptocurrency gang
Police found two of their used websites and blocked one
The cyber police in Bogra has arrested three members of a cryptocurrency gang.
They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday.
Police conducted raids in Habiganj and Lakshmipur for two days and arrested them and brought them to Bogra.
Police found two of their used websites and blocked one.
Bogra Detective Branch (DB) of Police SI Shafiul Alam Shafiq filed a case against them with Bogra Sadar police station under section 1(B) of the Digital Security Act, 2018.
The arrestees are: Shah Md Tanim, 22, Sohel Mia, 27, and Maruf Billah, 25.
The investigating officer of the case, Cyber Police Inspector Emran Mahmud Tuhin sought eight-days’remand after producing them before Bogra Judicial Magistrate Court on Friday afternoon.
Bogra Superintendent of Police (SP) Ali Ashraf Bhuiyan in a press briefing said: “The virtual currency bitcoin is illegal in Bangladesh. However, the use of cryptocurrency is increasing day by day.
“The gang sold bitcoins and other forms of web money to their particular customers.
“Digital currency transactions are functioned online where all information is kept secret. This type of digital currency is called cryptocurrency. “
Cryptography method is used for bitcoin exchange and the code used in this method is quite impossible to figure out, the SP added.
https://www.dhakatribune.com/bangladesh/nation/2019/04/27/bogra-cyber-police-arrests-three-members-of-cryptocurrency-gang
Bogra cyber police arrests three members of cryptocurrency gang
Police found two of their used websites and blocked one
The cyber police in Bogra has arrested three members of a cryptocurrency gang.
They seized two laptops, 16 mobile phones, and 20 SIM cards from the detainees after the arrest on Thursday.
Police conducted raids in Habiganj and Lakshmipur for two days and arrested them and brought them to Bogra.
Police found two of their used websites and blocked one.
Bogra Detective Branch (DB) of Police SI Shafiul Alam Shafiq filed a case against them with Bogra Sadar police station under section 1(B) of the Digital Security Act, 2018.
The arrestees are: Shah Md Tanim, 22, Sohel Mia, 27, and Maruf Billah, 25.
The investigating officer of the case, Cyber Police Inspector Emran Mahmud Tuhin sought eight-days’remand after producing them before Bogra Judicial Magistrate Court on Friday afternoon.
Bogra Superintendent of Police (SP) Ali Ashraf Bhuiyan in a press briefing said: “The virtual currency bitcoin is illegal in Bangladesh. However, the use of cryptocurrency is increasing day by day.
“The gang sold bitcoins and other forms of web money to their particular customers.
“Digital currency transactions are functioned online where all information is kept secret. This type of digital currency is called cryptocurrency. “
Cryptography method is used for bitcoin exchange and the code used in this method is quite impossible to figure out, the SP added.
Jump to: