Be careful with your crypto holdings and what you do with it

[glendall]

Cam across this news

https://www.bbc.com/news/articles/cn001yr88zgo

So a gentle reminder is to follow law with all your crypto related activities.

as long as we buy with personal money regularly and for investment purposes, I don't think there will be a problem even if it's only up to 10-12 BTC if it's just a normal owner, even then we're smart enough to save our assets so they're not visible to the public and always remain anonymous, don't public opinion if we have btc

[Sandra_hakeem]

I am not sure how they got to know she had such amount of coins in her possession , infact I really am not sure how authentic the news is. Anyways I just see this post as a reminder for Bitcoin hodlers to maintain maximum security of their holding wallets in any way possible.

That's very easy... The US cyber security teams could trace transactions coming through/going out of the wallet.. Also, most transactions could be performed in bits via CEXs since - atleast majority of P2P transactions are carried out there.

It wouldn't have been too much of a problem if she didn't get an entanglement with already-confirmed money laundering cases.. Secondly, on normal ground, that looks like too much for someone in her position to have. I haven't heard enough stories as to what happened next so I wouldn't conclude.

[boyptc]

as long as we buy with personal money regularly and for investment purposes, I don't think there will be a problem even if it's only up to 10-12 BTC if it's just a normal owner, even then we're smart enough to save our assets so they're not visible to the public and always remain anonymous, don't public opinion if we have btc

I'm confused what you're trying to say here. It's about that woman that has been jailed because of her involvement to fraud and money laundering.

And that investment purposes probably have been scammed from all of their victims which syndicate that she's involved with.

But in the case presented by @OP, the woman is surely committing crimes and there is evidence of fraud, tax evasion, and money laundering.  It is sad that this woman use cryptocurrency to cover his dirty antiques until exposed and apprehended.

They are doing old dirty tricks here, Bitcoin has been known for that before and that's the description in the past. Being used for illegal activities, trades and crimes.

Even with this kind of reports, it won't change the fact now that it's a mainstream investment already.

[HelliumZ]

Cam across this news

https://www.bbc.com/news/articles/cn001yr88zgo

So a gentle reminder is to follow law with all your crypto related activities.

Of course, it is important to note that holding two billion dollars worth of bitcoins in a wallet must be considered money laundering under the Money Laundering Act.  According to the country's money laundering rules, if the tax is not paid from that amount of bitcoins, it is of course punishable by law, which the woman has already received with a six-year jail term.  In my country the rule is more strict because if someone is caught with that amount of bitcoins then the government will have to suffer more severe punishment including confiscation of those bitcoins. That's why talking about Bitcoin in public is officially banned in my country.