A police officer (ASP) in Bangladesh was detected as crypto investor

TheGreatPython

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Quote from: Little Mouse on June 23, 2022, 11:09:36 AM

It's funny to see a police officer who was supposed to working as per the law, has recently been detected as a cryptocurrency investor. Well, I'm happy to see that personally to be honest.
Last month, the ASP has posted on twitter that he was holding 130 million LUNC which was around ~$70k at that moment. We all know what happened to Luna. He has invested in LUNC after the LUNA crash.
Though I'm personally happy to see that, but it shows how people in Bangladesh are breaking the laws. A lot of people are active in cryptocurrency trading despite govt discouraging it many times.
It's sad they have picked shitcoin instead of bitcoin.

Well, you know them. Not all police/authorities are sincere and honest about their duties but many of them are corrupt and they are the ones that do an illegal act because they aren't afraid as no normal people can question them although this was still risky as their other members can go against them and report them to their head officers.

This is something that we must feel happy or proud of. Not only that his acts are wrong, he also invested on a wrong coin but even if he invested in bitcoin, I think nothing will change as all cryptos are still banned on their country up to this date. Luna did crash but who knows? Maybe the guy miraculously sold all before the tragedy happens.

m2017

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Quote from: Little Mouse on June 23, 2022, 11:09:36 AM

It's funny to see a police officer who was supposed to working as per the law, has recently been detected as a cryptocurrency investor. Well, I'm happy to see that personally to be honest.
Last month, the ASP has posted on twitter that he was holding 130 million LUNC which was around ~$70k at that moment. We all know what happened to Luna. He has invested in LUNC after the LUNA crash.
Though I'm personally happy to see that, but it shows how people in Bangladesh are breaking the laws. A lot of people are active in cryptocurrency trading despite govt discouraging it many times.
It's sad they have picked shitcoin instead of bitcoin.

I am not familiar with the law in Bangladesh, especially when it comes to cryptocurrency, so it would be good for you to first tell if investing in cryptocurrency is illegal in Bangladesh, as well as cryptocurrency trading.

If this is not prohibited, and therefore legal, then why shouldn't the police officer do it? They are the same people, with the same desires to earn.

But this story begins to look different if police officer is engaged in illegal activities and this becomes not very fun, but sad, because SUPERCOP has to monitor compliance with the laws, and he violates.

Quote from: Little Mouse on June 23, 2022, 11:09:36 AM

It's sad they have picked shitcoin instead of bitcoin.

We don't know his motivation, do we? Maybe he believes in the rapid growth of LUNA/LUNC and wants to make a lot of money on this speculation.

If not, then he should have looked at this forum and he would have been quickly explained what to invest in.

Morningstarr

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Quote from: Little Mouse on June 23, 2022, 11:09:36 AM

It's funny to see a police officer who was supposed to working as per the law, has recently been detected as a cryptocurrency investor. Well, I'm happy to see that personally to be honest.
Last month, the ASP has posted on twitter that he was holding 130 million LUNC which was around ~$70k at that moment. We all know what happened to Luna. He has invested in LUNC after the LUNA crash.
Though I'm personally happy to see that, but it shows how people in Bangladesh are breaking the laws. A lot of people are active in cryptocurrency trading despite govt discouraging it many times.
It's sad they have picked shitcoin instead of bitcoin.

No wonder the policeman has bought a cryptocurrency. However, buying it for such a large amount of money is a matter of concern. It may be black money or it may be his earnings. But the fact is that there According to the law, it may not be permissible. There is a similar situation in Pakistan. Many people have invested in cryptocurrency there while the government has repeatedly taken strict action against them. Now some committees have been formed at the government level. Hopefully, the crypto will be regulated In Pakistan also in India, we see the same thing. Before crypto became legal, So if you see a Crypto wallet on a child's mobile phone, don't be surprised. He is wiser than we are.

serjent05

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Quote from: blue_hurricanger on June 26, 2022, 01:18:38 PM

I saw no reason why a police officer can't just be a crypto investor. Well, it's not like you have to be super nerd or high-tech to understand how crypto works and become a crypto holder. It was relatively easy once you get a hang of it. He's also a normal human being like you and me, not just someone you have to put over such a high plate, police officer or not.

His job is the major reason why he shouldn't make his crypto investment public because cryptocurrency is illegal in Bangladesh. As a police officer, he should be a role model in following laws implemented by his country. Publishing/posting online that he is investing in illegal stuff is like saying that he is involved in illegal activities and it sure has punishment.

blue_hurricanger

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I saw no reason why a police officer can't just be a crypto investor. Well, it's not like you have to be super nerd or high-tech to understand how crypto works and become a crypto holder. It was relatively easy once you get a hang of it. He's also a normal human being like you and me, not just someone you have to put over such a high plate, police officer or not.

Jating

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I will echo the sentiments, although there is strict law, you can't blame everyone including those that supposed to implement the law because crypto is for everyone. I must just imagine how much money he put and the profits that he should have made if not for the Luna crash. However, I'm not sure how the government will react to this, again, it's because they are against crypto, maybe he will get punished or something?

virasisog

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Lots of people from countries that prohibit cryptocurrencies are surely doing the same thing and we can't blame them for that. People all over the world already know how a crypto investment works and they also want to gain profit regardless of the law. People will still find ways and alternatives to invest so I hope that their government won't lift such banning in the future.
That police officer is also someone who sees the value and importance of Bitcoin.

makishart

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If you are seeing the regulation as a border between human to the crypto from a country and that's actually wrong. Regulation was a rules that was prohibiting in the specific place but it's not also fully prohibiting someone from fully avoid the cryptocurrency.
The decision where in their hand whether they wanna try to keep dealing with the crypto or not. I see some people above were also coming from the countries that prohibiting crypto but yeah they are still touching crypto.
This is the fact if regulation is not 100% perfect to give a border between crypto and its citizen.

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Quote from: Little Mouse on June 23, 2022, 11:09:36 AM

It's funny to see a police officer who was supposed to working as per the law, has recently been detected as a cryptocurrency investor. Well, I'm happy to see that personally to be honest.
Last month, the ASP has posted on twitter that he was holding 130 million LUNC which was around ~$70k at that moment. We all know what happened to Luna. He has invested in LUNC after the LUNA crash.
Though I'm personally happy to see that, but it shows how people in Bangladesh are breaking the laws. A lot of people are active in cryptocurrency trading despite govt discouraging it many times.
It's sad they have picked shitcoin instead of bitcoin.

It seems to me that it doesn't matter where they invest in Bitcoin or Shitcoin, the success of the crypto is in the fact that they are positive towards the crypto. However, they can do better if they are analyzing and then trade. Many people are not interested in investing in Bitcoin because there will need big investment comparatively investing in altcoins have the possibility to make good return.

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If the offense is not too serious then for sure there are still people that will break the law.

Crypto gives opportunity and they see it as an opportunity so they are risking money and even breaking the law.

On the other hand, you are right, they should not invest on shitcoin, so they need to educate themselves to understand how to choose the right altcoins that are legit and with great future potential, riding on the hype alone is a wrong idea as it will never give long term success.

SyndicateLabs

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It's also not surprising that when the truth comes out, I've also learned that those trying to put in place laws to control crypto have more BTC holdings than anyone else. This is also easier to understand when it comes to the issue of taking advantage of one's own power to oppress weaker people, and through the story from the OP, I can see that this policeman is paying the price for his wrongdoing with this case bad luck with LUNA.

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Quote from: Little Mouse on June 23, 2022, 11:09:36 AM

Though I'm personally happy to see that, but it shows how people in Bangladesh are breaking the laws. A lot of people are active in cryptocurrency trading despite govt discouraging it many times.
It's sad they have picked shitcoin instead of bitcoin.

To be honest if law will always be broken by some people who were always looking for the way to make money. Crypto has become the main way for people to make money from some countries. Crypto can also be considered as their main field as well.
The law was just a rules but again it can't fully forced to fully stop from using cryptocurrency. It's not only on bangla but im sure that so many people from the various countries like india and china were still using crypto even though their governments have been declaring to ban crypto so many times.

maydna

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Maybe they are using crypto as a new source of income besides their main job. I think it's natural if they still try to be a crypto investor even though their country has banned crypto. Investing in crypto is everyone's right, but the state restricts it and even prohibits it. And this is what happened where many people from countries that banned bitcoin continued to invest in crypto because they saw the great potential of crypto.

pawanjain

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Quote from: Little Mouse on June 23, 2022, 11:36:54 AM

Quote from: pawanjain on June 23, 2022, 11:14:01 AM

Also, we can't tell if the money that police invested in crypto is from a genuine source or not.
For instance, may be he's corrupt and is buying crypto with all his black money but I do hope it's from a genuine source instead.

Very much likely. In our country, Police has been dominating the country with various aspects. Most of them are corrupted and we don't have anything to do. Well, I blame ourself for this, we don't have the ball to raise our voice against it (risk is to get jailed for no reason lol). They take bribe all the time. I myself have been a victim recently without any reason, I have done nothing but faced a lawsuit.

Quote from: dimonstration on June 23, 2022, 11:30:44 AM

Maybe the policeman salary in Bangladesh is not huge enough which is the reason why seek out crypto as investment.

I don't think so. They are enough paid in my opinion. It’s most likely black money as Police is one of the biggest terrorist in Bangladesh.

I am from your neighboring country India, so I can understand how it feels because things are quite similar here too.
It's easy for a police man who understands crypto well to take the black money in crypto.
But the funny part is that the police man was holding LUNC rather than established coins. LOL.
Black money going down the drain if he holds for a long term.

Darker45

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He was not detected to be a shitcoin investor; he himself made it public.

Anyway, if I were his superior who has the authority to mete out whatever appropriate penalty is due to him, I might not give a harsh punishment. Investing in cryptocurrency doesn't really hurt anybody. While it is against the law, it is not really putting anybody to harm. Perhaps an admonition will do along with the demand that he take down the social media post and avoid doing the same in the future. That's enough I guess. After all, he's already suffering enough for investing in the wrong coin.

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It's sad to see poor countries not profiting from the opportunity Bitcoin and cryptocurrencies as a whole offer, but it's a truth that corruption is the main factor keeping these countries in a vicious cycle.

I don't admire people who break the law, but I don't see why cryptocurrencies would ever be banned with a rational reason, for the wellbeing of the population? It's really dumb to keep technology away from your people.

I'm a strong believer that the solution for third-world countries is radical erradication of corruption combined with entrepreneurship. That's what is going to create the biggest impact.

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hearing how strict Bangladesh are with their law regarding cryptocurrency, I am curious about what happened after. any update on this? I mean did the Officer ever get any punishment?

Quote from: stompix on June 23, 2022, 02:18:36 PM

That being said....
https://mobile.twitter.com/sagor30/

Quote

This account doesn’t exist

This raises questions....

I mean, the owner could have been ordered to deactivate the account after being found out that he is a cryptocurrency investor and holding LUNA

Leviathan.007

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A policeman is also a human who can invest in bitcoin and cryptocurrencies and working in the police station or being an officer cannot change this, as far as I know, the Bangladesh government suspended bitcoin and cryptocurrencies now and when you see even a police officer is showing interest to bitcoin and cryptocurrencies this means how wrong it is to suspend the bitcoin and cryptocurrencies in a country because even the people are responsible for suspending cryptocurrencies they invest on cryptocurrencies and do not agree with the decision on the government.

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This is a known news from Bangladesh. Similar is the scenario in majority of the countries. Unlike the legal status people are prepared to invest on Cryptocurrencies. So you think he is the only police officer holding cryptocurrency. Surely he could've shared it or suggested for few more people. Whether others invested on cryptocurrency or not is secondary, but there are chances of his colleagues holding the same.

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Quote from: Viscore on June 23, 2022, 04:12:43 PM

Quote from: kryptqnick on June 23, 2022, 11:58:27 AM

Oh, I didn't know cryptos are illegal in Bangladesh. I am sorry for those who live there that they break the law just by hodling or trading cryptos there... Is the punishment serious if you get caught? What's going to happen to this police officer, for example? Will it be discharge, as dimonstration suggested it might be? Can it be a big fine or even prison time? I understand it depends on the circumstances (for example, it's one thing if it's just hodling cryptos he's accused of but another if the source of funds is also illegal), but if it's only about cryptos (not potential corruption), what is likely to happen and what's legally possible?

The fact that he's a police officer and he's expected to be the first to abide the law, then his action does not justify his profession. But if you are just practical, who would not want to invest in crypto when its profits are very promising. I guess even those with higher positions in their country are also tempted to invest in crypto, its just that they are not yet discovered. Hopefully, he'll get the expected profits investing from a shitcoin, as some of them may give huge profits temporarily.

I believe a lot of politicians or other personalities are secretly investing in crypto market. I know Bangladesh has strict regulations towards crypto. So he should be discreet of showing to the public that he is into crypto. Otherwise, people speculate of corruption and other things. Same goes to other people, better not disclose your crypto involvement so your life will be peaceful, no worries about other people that may possibly ask you favors and all. Because some will think that you are doing great when you are into crypto, but there's more than meets the eyes in this market.

Topic: A police officer (ASP) in Bangladesh was detected as crypto investor (Read 310 times)