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MeGold666
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June 15, 2024, 11:40:43 AM |
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So a gentle reminder is to follow law with all your crypto related activities.
Even if laws are abusing and inhuman ?
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Do not advertise gambling, it's a cancer.
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peter0425
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June 15, 2024, 11:49:21 AM |
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Has already been a topic of discussion before here https://bitcointalk.org/index.php?topic=5498380.0. Please do your own research if a topic you want to talk about has already been discussed or not so redundancy and overcrowding of posts are not observed here. Especially if there aren't any new you can add anyway. You can just reply to the post if there is anything you want to say.
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Pandji02
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June 15, 2024, 12:10:18 PM |
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Well, she was actually committing a crime. I'm just buying and holding my BTC in OWNR wallet and it's not illegal in my country, so I'll be fine.
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MeGold666
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June 15, 2024, 12:30:59 PM |
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Well, she was actually committing a crime. I'm just buying and holding my BTC in OWNR wallet and it's not illegal in my country, so I'll be fine.
For holding you should have a dedicated air-gapped machine that's fully encrypted and using only official wallet software for accessing it - in terms of BTC - Bitcoin Core wallet. If you use different software or hold in a hot wallet then sooner or later you'll get hacked. Even developers get hacked from time to time... your main wallet (and seed phrases) should never touch the Internet - consider it compromised if it did. It should be generated on air-gapped machine and kept there, make backups on encrypted drives with good enough password that you can remember (you should never write it down) and that will be hard to brute-force. Never store your seed-phrase in plain-text, encrypt it and then print it. The more you know about computers, the more you realize it's impossible to protect your Internet connected machine from threats.
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Do not advertise gambling, it's a cancer.
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Fivestar4everMVP
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June 15, 2024, 12:47:29 PM |
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I've read the story, and sorry to say, but this doesn't clearly have anything to do with us holding crypto currencies as our investments. It's important to read and properly comprehend before making any attempt to jump into conclusion and giving advice that is not well thought out. The woman in question was involved in exchanging bitcoin for luxury properties which are; but not limited to houses, expensive jewelries and other expensive belongings, that is, she was involved on trading bitcoin for this things, and also trading those for bitcoin, and from the story, she along the line got involved in laundering money, which is a very serious crime in most countries. So, her bitcoin asset being seized and she being jailed is justified as long as she was proven guilty of the crime. This has nothing to do with the most of us who hold unto our bitcoin as investment for our future.
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Pandorak
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June 15, 2024, 02:03:34 PM |
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[...] So a gentle reminder is to follow law with all your crypto related activities.
There is no need to follow the law as long as what we do is in accordance with applicable norms, her case cannot be compared to those of us who should be free with bitcoin, she is a criminal and it is not actually his money so she deserves that punishment. In our country, some big exchanges are not registered like Binance, but many of the bitcoin adopters in Indonesia use Binance as their CEX, is that wrong according to the law? Of course. But is it wrong according to the norm? No.
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dansus021
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June 15, 2024, 02:31:19 PM |
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Let me write down here for other "A former takeaway worker found with Bitcoin worth more than £2bn was jailed for six years and eight months for a crime linked to money laundering on Friday. Jian Wen, 42, from Hendon, in north London, was involved in converting the currency into assets including multi-million-pound houses and jewellery. At Southwark Crown court in March, she was convicted of entering into or becoming concerned in a money laundering arrangement. The Metropolitan Police said at the time of the conviction the seizure was the largest of its kind in the UK." So a former worker found Bitcoin that linked with money laundry and she used it but I do believe this is not regular found maybe she get order from her employee to converting the asset, because if you found a wallet there still a password and etc
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Mia Chloe
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June 15, 2024, 02:54:23 PM |
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Bitcoin makes use of a decentralized network, infact it is currently one of the best to be used in describing a decentralized network. However let's not forget that although decentralization is beneficial, it comes with some level of transparency and exposure which can pose negative effects. Take for example, a person's wallet can be monitored via any block chain explorer from transaction to transaction making it possible for some hackers to even pose common threats like dust attacks.
Personally I think a Bitcoin holder should keep not only his wallet keys and seed private, be he should also make sure his address isn't too exposed. Most of the time some person's link their holding wallet to an exchange and personally I think it isn't very safe. One of the reasons why Satoshi remains anonymous is because all the wallets he saved his mined Bitcoins in are anonymous and not linked to any exchange.
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Kelward
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June 15, 2024, 03:38:02 PM |
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Anybody that hodl Bitcoin, legitimately don't have anything to worry about, it's not a criminal asset and that is why it's adoption is increasing everyday. Many investors have hodled Bitcoin for years and they've never had any issues with the authorities, so the lady that was convicted in the OP Link got into trouble because she used Bitcoin for money laundering which is a crime. Bitcoin is a decentralized digital cash that anybody can hodl, both the innocent and criminals, so when the criminals uses it for money laundering and they get caught, they pay the price for their criminal activities which has nothing to do with those that hodl it legitimately.
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BABY SHOES
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June 15, 2024, 03:56:35 PM |
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If bitcoin is from criminal acts or money laundering then it will be worried that this will trigger a lot of problems with local authorities, in my country several times citizens have been caught by the police because of cases of bitcoin theft or accounts that were broken into which were eventually caught.
So we buy bitcoin legally then it's nothing to worry about we can provide the source of funds from because it's to prove it, but with criminal acts then it will continue to be suspected usually they will not use CEX but a mixer to obscure the transaction.
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Hamza2424
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June 15, 2024, 04:35:41 PM |
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This is a piece of old news in my view a couple of weeks ago there was a similar kind of news, hmm is it the same one? TBH here in my country Bitcoin accumulation and investment are not prohibited, so there's nothing wrong if I do hold Bitcoins. Also, this was not an accumulation case, it seems like it was some sort of money laundering activity because I have heard of anyone revealing his/her identity after owning an amount of Bitcoin.
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leonair
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June 15, 2024, 04:48:12 PM |
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Currently, Bitcoin can be used legitimately without any problems. The number of Bitcoin transactions is increasing daily, and various activities are happening. Now everything is fine if bought correctly. Bitcoin transactions used to be a lot of trouble in our country. At one time in our country, the police seized illegal transactions, and a large amount of money was confiscated. But there is no such problem now.
However, for those who trade bitcoins and hold all these things, the holder must be very careful to store and keep their wallet keys secret. Otherwise, there may be problems if someone else knows or if it is linked to the holding.
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God bless u
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June 15, 2024, 05:01:55 PM |
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It has been an issue always that countries are trying to put the marks of illegal on people who are earning good with crypto. Actually these super power colonies don't want a free nation. They just want that people should remain under their influence and give them heavy taxes. Whoever will try to do something for freedom they will try to impose resistance to it and that's very natural now but we should fight for our right.
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aylabadia05
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June 15, 2024, 05:52:02 PM |
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May 29, 2024 This news was published as stated in the article with brief content, although in the article there is another link to explain the news about it, but the link that directs to another article states the date March 21, 2024. It is quite easy to corner Bitcoin with news like this in the midst of market movements experiencing difficulties. Bitcoin is not a crime, but a currency. If the direction is towards unlawful actions, then the person is not Bitcoin.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Zlantann
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June 15, 2024, 07:31:49 PM |
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A group of criminals who were using Bitcoin to hide their shady deals were caught and OP is starting a topic on hodling Bitcoin legally. We should praise these law enforcement agencies for tracking and uncovering these criminal activities. These sets of persons give the Bitcoin space a bad reputation because of these criminal activities. I read that Jian Wen was living a luxurious life with the proceeds of crime which led to suspicion. It has been an issue always that countries are trying to put the marks of illegal on people who are earning good with crypto. Actually these super power colonies don't want a free nation. They just want that people should remain under their influence and give them heavy taxes.
Whoever will try to do something for freedom they will try to impose resistance to it and that's very natural now but we should fight for our right.
Some governments are indeed anti-crypto, so they are doing everything possible to give the industry a bad name. News like this are usually overblown to gain more publicity. But in this case that OP mentioned it was proved that it was a proceed from crime. Some persons were duped in China Jian Wen helped the masterminders to launder the criminal proceeds.
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Heiden123
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June 15, 2024, 07:42:16 PM |
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If there is one brokerage company that is clearly a scam it is LASBERT. Don't do business with them, unless you want to see your money gone.
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Stablexcoin
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June 15, 2024, 07:51:39 PM |
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First question how did they find the Bitcoin with her? Did she tell them about it or did they get access to her device and know she had such an amount of Bitcoin? This was not explained in the news at BBC.
I still find it very funny that she was jailed without any proof of money laundering activity that was mentioned. Just because they saw a huge amount in Bitcoin they are accusing her of money laundering. That's totally not fair.
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Mia Chloe
Sr. Member
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Crypto Casino and Sportsbook
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June 15, 2024, 09:20:22 PM |
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First question how did they find the Bitcoin with her? Did she tell them about it or did they get access to her device and know she had such an amount of Bitcoin? This was not explained in the news at BBC.
I still find it very funny that she was jailed without any proof of money laundering activity that was mentioned. Just because they saw a huge amount in Bitcoin they are accusing her of money laundering. That's totally not fair.
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. One of the easiest ways people can be traced via their wallet, is through a connection with their wallet to an exchange where they have previously done a KYC registration. Things like this are the reason why people are adviced to understand certain important things , especially security before venturing the crypto space. It's so sad that people in countries where crypto is viewed as illegal have to carry out crypto transactions hidden.
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examplens
Legendary
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Merit: 3380
Crypto Swap Exchange
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June 15, 2024, 09:50:14 PM |
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So, this topic is already discussed, so I would like to ask one question. Why is the emphasis on crypto here? So we shouldn't do anything illegal using cryptocurrency, but it's perfectly ok to do such things and get cash for it. This kind of dramatization gives the impression that crypto is exclusively used for fraud, illegal trade and the like, and in fact, it is up to the person and the use of cryptocurrency is just a tool. It's like pointing out that the bank robber used Bridgestone tyres on the getaway vehicle. Finally, to make a point, be careful how you drive a car with Bridgestone tyres.
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