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.

Read the rest of this post on the original site »


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 all levels.


Get every new post delivered to your Inbox.

Join 299,386 other followers