News Brief


Two executives of a bitcoin exchange have been arrested on charges of selling bitcoins to be used to buy and sell illegal drugs anonymously, according to a statement from the Manhattan U.S. attorney’s office.

The two arrested were Robert M. Faiella, CEO of BitInstant, and Charlie Shrem, the company’s compliance officer.

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1 comments
Ismael
Ismael

Thats a new one...arrested because of somebody else using their service to buy/sell illegal drugs?

The crime (if any ever) was never committed and they already arrested ?

All the drug cartels sale based on dollars as a currency and no banker jailed yet.

They can sale their bitcoins and still be free of any possible wrong-doing from the buyers.

But I can understand their concerns : Bitcoin can truly disrupt the dollar supremacy while safeguarding the principals of any healthy economy : money does not create money and any society that creates wealth based on debt is doomed to fail...at all levels.


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