Bitcoin Forum
November 23, 2017, 06:06:43 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-05-31]Bolivian Authorities Arrest 60 Bitcoiners, Reiterate Virtual Currenc  (Read 4051 times)
zhangswujip
Sr. Member
****
Offline Offline

Activity: 279


"Highest ROI crypto infrastructure"


View Profile
May 31, 2017, 02:28:22 AM
 #1

Bolivian Authorities Arrest 60 Bitcoiners, Reiterate Virtual Currencies as Illegal Pyramid Schemes
Recently, the Bolivian Financial System Supervision Authority (ASFI) arrested 60 people for carrying out “training activities” related to the investment in virtual currencies such as bitcoin, according to a press release published by ASFI.

Get exclusive analysis of bitcoin and learn from our trading tutorials. Join Hacked.com for just $39 now.

Bolivia is one of the few countries in the word in which bitcoin is outright declared illegal. In 2014 the country’s central bank, El Banco Central de Bolivia (BCB) officially banned all currencies that weren’t issued or regulated by a government or an authorized entity. The Latin American’s government and central bank believe virtual currencies are a pyramid scheme that only exists to steal people’s money.

The Bolivian bitcoiners were arrested for seemingly distributing bitcoin-related pamphlets at the Cine Center of Santa Cruz de la Sierra, and possibly planning to sell or mine bitcoin, as according to the statement they were gathered and “carrying out training activities related to the investment of money with characteristics of multilevel schemes”.

Lenny Valdivia, Executive Director General at ASFI, stated:

We confiscated pamphlets relating to business schemes that go around giving training and making business plans regarding virtual currencies that are operating abroad. The Bolivian population should not be fooled, it should not participate in closed [virtual currency-related] groups through WhatsApp. The only thing they are doing is taking advantage of the population, deceiving the people to appropriate their money.


Advertisement:


The ASFI restated in the press release that bitcoin and other virtual currencies are, as of May 6, 2014, banned in the country and that it would continue to go after Bolivians who promote cryptocurrencies. Valdivia asked the population to actively denounce similar cases so that Bolivians can take care of their savings and of the economy of their families, according to the statement.

The press release ends stating that ASFI is currently working towards drafting regulations that will allow the inclusion of pyramid schemes in the country’s Penal Code, to help fight those who engage in similar virtual currency-related activities.

Bitcoin Crackdowns

Bolivia isn’t the only country in which bitcoiners are having a hard time. In Venezuela, a country in which cryptocurrencies allow the people to circumvent the government’s currency controls, four bitcoin miners who were allegedly operating over 300 mining machines, have been arrested earlier this year, as they were accused of electricity theft and cyber fraud.

As a matter of fact, bitcoin has been targeted in the country ever since hyperinflation struck the Venezuelan Bolivar and cryptocurrencies became an alternative. As part of the government’s attacks on bitcoin, Venezuela’s state-owned internet service provider CANTV outright blocked several bitcoin-related websites and mining pools.

Venezuela’s crackdown was followed-up in February, when authorities took down a mining center in Valencia in Carabobo state. At the end of the day, bitcoin continues to be a safe haven for Venezuelans, as peer-to-peer trading volumes in the country have been growing. Just last week, a Redditor claimed that bitcoin is what was keeping his family from starving in Venezuela’s impoverished economy.
https://www.cryptocoinsnews.com/bolivian-authorities-arrest-60-bitcoiners-state-virtual-currencies-are-illegal-pyramid-schemes/


           ▄████████▄           ▄███████▄
          ████████████▄       ▄███████████
         ██████████████████████████████████
         ██████████████████████████████████
         ██████████████████████████████████                                              █████
          ████████████▀       ▀███████████                                               █████
            ▀██████▀            ▀██████▀                                                     
   ▄▄▄▄▄▄              ▄▄▄▄▄▄             █████████      ███████████    ████▒     █████  █████     ▄█████████▄     ███████████
 ██████████          ██████████          ███████████▒    ████████████    ████     ████   █████    █████████████    ████████████
█████████████       ████████████        ████     ████    ████    ▒████   █████   ████    █████   ▒████     ████▒   ████▒  ░░████
█████████████      ██████████████      ██████████████▒   ████     ████    ████   ████    █████   ████      ▒████   ████▒    ████
█████████████      ██████████████      █████▒▒▒▒▒▒▒▒▒    ████     ████     ████ ████     █████   ████▒     ▒████   ████▒    ████
█████████████       ████████████        ████▒            ████     ████      ███████      █████    ████     ████    ████▒    ████
 ▀█████████▀         ▀████████▀          ███████████     ████     ████      ▒█████       █████     ███████████     ████▒    ████
                                           ▀██████▒      ████     ████       ▒███        █████       ▀█████▀       ████▒    ████
           ▄████████▄          ▄████████▄
          ████████████▄      ▄████████████
         ██████████████████████████████████
         ██████████████████████████████████
          ████████████████████████████████
           ██████████▀        ▀██████████ 
            ▀██████▀            ▀██████▀ 
    WORLD'S MOST PROFITABLE STANDARD
  OF SELF-EXPANDING CRYPTO INFRASTRUCTURE
FACEBOOK 】【 TWITTER
        ANN THREAD
TELEGRAM MEDIUM
 
  Join our ICO: 
Dec. 1-31 │ Whitepaper 
1511417203
Hero Member
*
Offline Offline

Posts: 1511417203

View Profile Personal Message (Offline)

Ignore
1511417203
Reply with quote  #2

1511417203
Report to moderator
1511417203
Hero Member
*
Offline Offline

Posts: 1511417203

View Profile Personal Message (Offline)

Ignore
1511417203
Reply with quote  #2

1511417203
Report to moderator
1511417203
Hero Member
*
Offline Offline

Posts: 1511417203

View Profile Personal Message (Offline)

Ignore
1511417203
Reply with quote  #2

1511417203
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511417203
Hero Member
*
Offline Offline

Posts: 1511417203

View Profile Personal Message (Offline)

Ignore
1511417203
Reply with quote  #2

1511417203
Report to moderator
1511417203
Hero Member
*
Offline Offline

Posts: 1511417203

View Profile Personal Message (Offline)

Ignore
1511417203
Reply with quote  #2

1511417203
Report to moderator
1511417203
Hero Member
*
Offline Offline

Posts: 1511417203

View Profile Personal Message (Offline)

Ignore
1511417203
Reply with quote  #2

1511417203
Report to moderator
Terraformer
Sr. Member
****
Offline Offline

Activity: 266


Crypterium -Digital Mobile Cryptobank For Everyone


View Profile
May 31, 2017, 04:54:24 AM
 #2

Poor bitcoin holders Sad. It`s interesting, how do they find those 60 bitcoiners? Is it technically possible to trace such transactions?



░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀


░░░░░░░░░░▄▄▄▄▄▄
░░░░░░▄███████████▄
░░░░▄██▀▀░░░░░░░░▀██▄
░░░██▀░░░▄▄▄▄▄▄░░░░▀██
░░██▀░░▄██▀▀▀▀▀░░▄▄
██▀░░██▀░░▄▄▄▄░░▀▀
██▀░░██░░▄██▀▀▀█▄
██░░██░░██▀
██░░▀▀░░██
██░░▄▄░░██
██░░██░░██▄
██▄░░██░░▀██▄▄▄█▀
██▄░░██▄░░▀▀▀▀░░▄▄
░░██▄░░▀██▄▄▄▄▄░░▀▀
░░░██▄░░░▀▀▀▀▀▀░░░░▄██
░░░░▀██▄▄░░░░░░░░▄██▀
░░░░░░▀███████████▀
░░░░░░░░░░▀▀▀▀▀▀

▀  Twitter
▀  Telegram
▀  Facebook
▀  ANN Thread
▀  Whitepaper
▀  Website
peter0425
Sr. Member
****
Offline Offline

Activity: 308



View Profile
May 31, 2017, 10:41:42 AM
 #3

I felt so sorry about our bitcoin brothers being arrested in Bolivia. And we are lucky to have enjoy bitcoin without persecution from our own government. It seems that Bolivia government is not fully aware what bitcoin can do to their citizens and not just tagged it for ponzi or pyramiding scheme activities. And the more you put a crackdown on bitcoin, the more people will become curious about it.

▄▄          ▄▄          ▄▄
████        ████        ████
▀▀    ▄▄▄   ▀▀   ▄▄▄    ▀▀
▄█████▄ ██ ▄█████▄
████████████████████
▄▄     ▀█████▀▄▄▄▄▀█████▀      ▄▄
████ ▐███████▌ ████ ▐████████  ████
▀▀     ▄█████▄▀▀▀▀▄█████▄      ▀▀
████████████████████
▀█████▀ ██ ▀█████▀ 
▄▄    ▀▀▀   ▄▄   ▀▀▀    ▄▄
████        ████        ████
▀▀          ▀▀          ▀▀

B L U Z E L L E
A decentralized database service for the world's dApps
ANN  Whitepaper  Twitter  Telegram  Medium   Reddit  Github
▄▄          ▄▄          ▄▄
████        ████        ████
▀▀    ▄▄▄   ▀▀   ▄▄▄    ▀▀
▄█████▄ ██ ▄█████▄
 ████████████████████
  ▄▄     ▀█████▀▄▄▄▄▀█████▀      ▄▄
  ████ ▐███████▌ ████ ▐████████  ████
  ▀▀     ▄█████▄▀▀▀▀▄█████▄      ▀▀
████████████████████
  ▀█████▀ ██ ▀█████▀ 
▄▄    ▀▀▀   ▄▄   ▀▀▀    ▄▄
████        ████        ████
▀▀          ▀▀          ▀▀

B L U Z E L L E
.
cr1776
Legendary
*
Offline Offline

Activity: 1722


View Profile
May 31, 2017, 12:00:07 PM
 #4

Poor bitcoin holders Sad. It`s interesting, how do they find those 60 bitcoiners? Is it technically possible to trace such transactions?

The article mentions how they did it:

"The Bolivian bitcoiners were arrested for seemingly distributing bitcoin-related pamphlets at the Cine Center of Santa Cruz de la Sierra, and possibly planning to sell or mine bitcoin, as according to the statement they were gathered and “carrying out training activities related to the investment of money with characteristics of multilevel schemes”.

"
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!