4 Bitcoin Traders Arrested Due To Illegal Trading

[cheezcarls]

The news comes from Bangladesh that 4 people were arrested by RAB-5 (Rapid Action Battalion) for the purpose of illegal bitcoin trading. The news I read is in Bengali, and if I translate the news, then according to the news sources, those 4 people who are placed in Narshingdi are arrested not only for using bitcoin, though bitcoin is illegal in Bangladesh, but they are also being arrested because they are doing some kind of money laundering. According to the news, they first use some illegal and banned dating websites, then from other countries' people take dollars, then they convert those dollars into cash through the p2p method. Finally, they convert that cash into bitcoin again through the p2p method. So Bitocin is illegal, which means they did not pay taxes because of the p2p method, and RAB suspects they are involved in money laundering. So that's the overall news.
 
Now my closing statement on this matter is that no doubt this arrest is a good job because these guys are scamming people and laundering money, but in this case, the news portal highlights bitcoin that it is illegally traded. What I do think is good. Because they choose illegal paths like dating websites and money laundering, but you can't use balmebitcoin for this. That's my opinion. What do you think about this news? Please share it with us. Thank you.
 
News source.

Bitcoin has been used as front for various ponzi schemes, scams, money laundering, etc. It's just sad that when misinformed or uniformed people have heard about Bitcoin, they are one sided instead of looking at its positive use cases and fundamentals.

It's also sad that countries like this along with a few have outlawed the use of Bitcoin whether for trading, holding, mining, etc.

At least these money launderers got caught in Bangladesh though. They deserve to get punished for conducting illegal activities to scam and victimize people. But it would be a different story if they got arrested for trading cryptocurrencies in exchanges like what we are doing nowadays.

[boris singer]

Things like this are difficult, because as you said, money laundering has existed for a long time, so things like this are ingrained not only in one region or country, maybe even in almost all countries like this.
Stopping this kind of thing is impossible especially when there are several high-profile and vested people involved. why things like this especially laundering through bitcoin are always the most highlighted, because this is a medium to bring in money because when money laundering is reported, it's actually quite different when there is "Crypto" or "bitcoin" in the news.

That is very right, as the media can highlight the role of bitcoin in yet another illegal activity.
But the fact is, money laundering is out of control also when it comes to fiat.
The bad thing here in this news is, these people may really had scammed people via btc.
But if they are just maybe trading for personal reasons, they may not be captured by their authorities, even if we say, crypto is banned in Bangladesh.

As I said before when referring to money laundering in the form of Fiat this will only be considered normal because this is something that has been happening for a long time and it is so entrenched that it is very difficult to stop.
As for when you re-read the link that the OP put in the thread, indeed in this case there is some context about laundering through Crypto but on the other hand we also get something else not because they commit fraud through illegal and forbidden dating sites, then from other countries take dollars from this but this is not the main focus because it is certain that bitcoin is the thing that will be the main focus in this case.