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

[Little Mouse]

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.

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[pawanjain]

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.

You don't have to be surprised because he's holding cryptocurrency. There would be many government employees who invest in crypto despite the strict laws.
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.

[tabas]

This also happens in other countries that have been tight with their rules towards cryptocurrencies. I was wondering how that police officer got detected and if he was forced to admit that he owns cryptocurrencies. But based on that image, he's posting it publicly and that's why sometimes you just have to remain lowkey if you've been in a place or country where restriction is being implemented or just be actual lowkey and never published anything that might be used against you since it's a hot issue in the country.

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

True, they're learning it the hard way by choosing those.

[dimonstration]

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.

You don't have to be surprised because he's holding cryptocurrency. There would be many government employees who invest in crypto despite the strict laws.
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.

Well in Bitcoin and any form of cryptocurrencies are illegal in Bangladesh[1] which why this article is quite unique. The police might be faced a case or worst discharge of service for doing illegaly activities against there country law. Maybe the policeman salary in Bangladesh is not huge enough which is the reason why seek out crypto as investment.

[1] https://www.straitstimes.com/asia/south-asia/should-bangladesh-be-sleeping-on-crypto-daily-star-contributor

[CryptSafe]

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 surprised to seeing this. As a matter of fact, top government officials are fully into Crypto in various anti Bitcoin/Crypto currency law enforcement nation but you wouldn't know about it. The law makers are usually the law breakers. Don't be surprised to hear that top financial institutions bosses and staff are into Crypto even the government highly revered accountants too. They fix the law, still they mess things up deceiving the citizens of their various nations.

[Little Mouse]

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.

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.

[kryptqnick]

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?

[ShowOff]

I just found out that Bangladesh has banned cryptocurrencies all along. But it doesn't surprise me that there are crypto investors in countries that ban cryptocurrencies because they also know that crypto is a much more profitable investment than gold.

The problem may be that he has violated the laws of his country regardless of where the money he invests in crypto is. I also probably wouldn't be surprised to hear that government employees are also trying to be crypto investors even though the law has prohibited it.

It’s most likely black money as Police is one of the biggest terrorist in Bangladesh.

That may be a different matter, because even someone who has been legalized to invest in crypto can be found guilty if the money comes from illegal activities.

[franky1]

or to play out another scenario

that officer was the accountant/"money runner" for his colleagues black dealings while they patrol the streets. he hid their black income in crypto and managed it for them. . and when it crashed. they lost the lot and left him as the scapegoat because he lost their funds. sending in a anonymous tip to their manager to investigate him

(my plausible opinion of events, not fact. just sounds more reasonable conclusion to how such things would normally turn out when looking at the recent events of luna and the coincidental finding of the guy just as it crashed)

[noorman0]

That being said, banning crypto will not guarantee that they can actually rid themselves of such activity. This is even more so for a corrupt country, where officials and state apparatus seem to have the prerogative and impunity to violate the rules without worrying about being punished. By the way I think that this seems to be the case in anti-bitcoin countries too.

[buwaytress]

Ah yes, a civil servant in South Asia, where minimum wage for an ASP is barely enough to get hands of 10,000 dollars in a lifetime, even with pension, somehow manages to have before retiring that sum of money. I guess he must work really hard or save a lot of money. And no, he couldn't possibly be a Bitcoiner if he invested in Luna...

[stompix]

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.

I would have been surprised if nobody in the police would have owned any cryptos.
I've said it before all the bans and regulations are one thing, the one that matters is how much the authority wants to actually enforce it, just like traffic rules all over the world, every single country has those, and how many get tickets for breaking it in some of those?

As for him being a police officer, back in the 90s' when everything was seemingly turning worse and worse police around here were doing everything and I'm not saying taking bribes or asking for them, but a lot have been caught stealing from stores, stealing wallets at accident locations and even more, I even remember one case when they went on a property for investigation of a thief nearby and on their way back they picked a bike laying around and stuff it in their trunk. Probably Bangladesh even in is in a worse situation than we were back then so, just investing in crypto is something minor.

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

This account doesn’t exist

This raises questions....

[darkangel11]

This reminds me of  Carl Mark Force IV (nice name by the way) and  Shaun Bridges, the agents who were investigating Silk Road and stole some of the bitcoins that they seized as evidence.
In the end it's all about the price that you'll sell yourself for. The police chases you not because they want to uphold the law but because they want to earn money the safe way and are too stupid to be innovative.
The next case that comes to mind are corrupt police officers in Venezuela raiding bitcoin mines and stealing hardware to sell it online.

When laws are stupid you have a moral obligation to oppose them. Banning bitcoin is banning freedom.

[_BlackStar]

It would be great to see the value of his investment increase, but if he doesn't sell it sooner then I'm sure he only has $7K at the moment. LUNC is bullshit, sadly he doesn't know about it. Besides the cop breaking the laws of his country, he seems to be gambling with LUNC.

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

This account doesn’t exist

This raises questions....

Also can't find it here. https://twitter.com/iBabu999/status/1525385377728671744?s=20&t=qeqjnoreHUuzyvqkDKp90Q
Maybe after the news and image went viral, he decided to delete them from twitter. I don't know, it certainly wouldn't be surprising.

[teosanru]

He now might think that his government is a saviour who has protected people from such a risky market.  But I feel no matter what once a crypto investor always a crypto investor, it's hard to take crypto out of a person. Talking about laws, obviously cops are the just like normal people as well and they break hell lot of laws, but surprising part here is that even though he has broken the law he is posting about it on social media which might land him in trouble. I see no point why would someone with knowledge of law would do that. I hope some another cop doesn't catches him for doing this.

[Zilon]

Many top government official are holding crypto so this is not surprising but my worries are just as yours why he choose shit coin over Bitcoin. He didn't see the dump coming soon and it is becoming glaring that  the government aren't really against crypto from all indications they are only scared of their inability to regulate it completely so they enforce ban on them.

[Sanitough]

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.

We can't expect that all officers are certainly doing things that support the law, some are definitely against the law so they have to hide it, otherwise they'll be claim the first to break the law. I think this police officer knows the real value of cryptocurrency so instead of supporting fiat, he chose to invest in crypto for bigger profits compared to fiat. And maybe he's a big time investor and has been doing that in the previous years as he takes no fear to invest and hold in such a very huge amount.  But yeah, too bad he never stick to bitcoin as its certainly the best crypto asset.

[Finestream]

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.

You don't have to be surprised because he's holding cryptocurrency. There would be many government employees who invest in crypto despite the strict laws.
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.

Crypto has been known to generate extraordinary profits, so thinking about it, no one would not dare to take the risk regardless if you are a law officer or not. And even if he's into corruption or not, if he only see that cryptos are more valuable than fiat, then he won't have to doubt crypto and invest all his extra funds. But i just hope that he's aware that crypto can lose all his funds in an instant particularly if he's into shitcoins than bitcoin.

[Doan9269]

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.

I want to believe this has nothing to do with professionalism before one can find an alternative means of income to help make the economy sustainable enough upto a standard of living, we have different fields whereby investors can emerge from which has to base on personal interest or choice in making a decision for using cryptocurrency.

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

I hope when the negative consequences in shitcoins emerges it won't be a thing of regret on them anymore as to be warned is before harm, i think prevention should be a good and better option than cure while dealing with other cryptocurrencies.

[Viscore]

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.