Good news and Bad news

[Pathi]

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."

[Ngaio]

On which exchange, I wonder

[Pathi]

On which exchange, I wonder

Mtgox.FR???

[bluemeanie1]

European Banks are in big trouble and usually the last resort is debasement of the currency.  You very well could see Wiemar-like hyperinflation.

Of course the banks want to prevent people from transacting in BTC because they can't extract the value out of it.

http://www.zerohedge.com/news/2014-07-06/european-banks-are-trouble

-bm

[allthingsluxury]

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."

Wow, crazy. 

[keithers]

It's crazy how the news always inflates the values of the seized goods that they get from raids.   Just like all those drug busts that they do where they claim that it's "street value" is like a quarter of a billion dollars...

[Rub3n]

In b4 change. It will happen. The Dutch are working on a legit and legal exchange, it will be a nice start.

[CoinFire]

European Banks are in big trouble and usually the last resort is debasement of the currency.  You very well could see Wiemar-like hyperinflation.

Of course the banks want to prevent people from transacting in BTC because they can't extract the value out of it.

http://www.zerohedge.com/news/2014-07-06/european-banks-are-trouble

-bm

Yeah I certainly find the timing of all of the negative BTC related statements coming out of Europe very suspect at a time when Spain is seizing deposits retroactively, several countries are desperately trying to prop everything up to appear to be okay and currencies are failing.

It seems that they are truly worried people will start looking at alternatives so FUD is happening on a larger scale.

[bluemeanie1]

European Banks are in big trouble and usually the last resort is debasement of the currency.  You very well could see Wiemar-like hyperinflation.

Of course the banks want to prevent people from transacting in BTC because they can't extract the value out of it.

http://www.zerohedge.com/news/2014-07-06/european-banks-are-trouble

-bm

Yeah I certainly find the timing of all of the negative BTC related statements coming out of Europe very suspect at a time when Spain is seizing deposits retroactively, several countries are desperately trying to prop everything up to appear to be okay and currencies are failing.

It seems that they are truly worried people will start looking at alternatives so FUD is happening on a larger scale.

There were undercurrents going on for a while.  For instance Belgium banned derivatives based on BTC.  Historically Europe has been far more restrictive towards alternative currencies.  http://en.wikipedia.org/wiki/Beenz.com

The Spanish banking deposit thing is indeed a very scary omen.

In a larger historical context it was alternative currencies that led to America's independence from Europe.  http://21stcenturycicero.wordpress.com/fraud/colonial-scrip/

-bm

[thandie]

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."

9000 € , crazy

[mike25]

Bad News
French Authorities dismantle "Illegal" Bitcoin exchange.
http://money.msn.com/business-news/article.aspx?feed=OBR&date=20140707&id=17754490

Good News!

Bitcoin is worth 9000 Euro in France!

"During a raid last week on one of the suspects' homes, investigators seized a portfolio of Bitcoins - worth some 9,000 euros per unit - as well as credit cards and computer hardware."

Idiots!! What they will realize in time is that Bitcoin is the next biggest revolution after internet. The only real danger to Bitcoin may surface 50 years down the line, when Skynet becomes self-aware and takes over all internet. Then we may need a John Connor to save our Bits.

Fun apart, would the french police also declare Paypal illegal there once Paypal integrates Bitcoin in its system?

[cr1776]

European Banks are in big trouble and usually the last resort is debasement of the currency.  You very well could see Wiemar-like hyperinflation.

Of course the banks want to prevent people from transacting in BTC because they can't extract the value out of it.

http://www.zerohedge.com/news/2014-07-06/european-banks-are-trouble

-bm

Yeah I certainly find the timing of all of the negative BTC related statements coming out of Europe very suspect at a time when Spain is seizing deposits retroactively, several countries are desperately trying to prop everything up to appear to be okay and currencies are failing.

It seems that they are truly worried people will start looking at alternatives so FUD is happening on a larger scale.

There were undercurrents going on for a while.  For instance Belgium banned derivatives based on BTC.  Historically Europe has been far more restrictive towards alternative currencies.  http://en.wikipedia.org/wiki/Beenz.com

The Spanish banking deposit thing is indeed a very scary omen.

In a larger historical context it was alternative currencies that led to America's independence from Europe.  http://21stcenturycicero.wordpress.com/fraud/colonial-scrip/

-bm

FTFY:

Historically Europe has been far more restrictive towards almost everything.

Although in the past 100 years the US has been trying to catch up.

[bluemeanie1]

European Banks are in big trouble and usually the last resort is debasement of the currency.  You very well could see Wiemar-like hyperinflation.

Of course the banks want to prevent people from transacting in BTC because they can't extract the value out of it.

http://www.zerohedge.com/news/2014-07-06/european-banks-are-trouble

-bm

Yeah I certainly find the timing of all of the negative BTC related statements coming out of Europe very suspect at a time when Spain is seizing deposits retroactively, several countries are desperately trying to prop everything up to appear to be okay and currencies are failing.

It seems that they are truly worried people will start looking at alternatives so FUD is happening on a larger scale.

There were undercurrents going on for a while.  For instance Belgium banned derivatives based on BTC.  Historically Europe has been far more restrictive towards alternative currencies.  http://en.wikipedia.org/wiki/Beenz.com

The Spanish banking deposit thing is indeed a very scary omen.

In a larger historical context it was alternative currencies that led to America's independence from Europe.  http://21stcenturycicero.wordpress.com/fraud/colonial-scrip/

-bm

FTFY:

Historically Europe has been far more restrictive towards almost everything.

Although in the past 100 years the US has been trying to catch up.

True.

America gets criticized if even the slightest restriction is imposed.

-bm

[bitcasino]

On which exchange, I wonder

https://bestxchanger.com/

https://web.archive.org/web/20130728025401/http://www.bestxchanger.com/
 

[bluemeanie1]

Part of what I've been working on are ways for these economic hostages to safeguard their personal wealth...  I do believe that Bitcoin will be a major(perhaps primary) refuge because although not perfect it is has the longest history of any crypto and is the most credible.

-bm

[leopard2]

It does not say anything about customers being defrauded, so I am massively confused

a) super official Mtgox defrauds millions of people = legal = just bankrupcty court
b) french place, operates properly but a pig rats on them = illegal = closed by police

So cheating people out of their money is fine, if you are registered?

How can you ILELGALLY sell bitcoins? I can see that you can ILLEGALLY STEAL bitcoins or SCAM people but if coins are exchanged for currency, at a muttually agreed price, how can that be ILLEGAL? Another example for the tendency to create crimeless crime because there is not enough victimless crime out there to feed all the government scum.

What is wrong with this planet. ..... !!!!!!!!!!!!!!!!!!!

[ajareselde]

On which exchange, I wonder

It was probably some local exchange without any licence to exist.
It is not so bad that they shut it down, because its possible that in the future we would see another news about people that got scammed by failed exchange.

As far as i see this, this is just good news.

[cryptnutter]

LOL 9000 euros per "unit".

On a more serious note, is it just me or does France seem to be really anti-Bitcoin? I've read stories of questioning at French airports as well.

It must be because they are so desperate to squeeze every last tax dollar out of their citizens that they can get.

[Bagatell]

https://bitcointalk.org/index.php?topic=178336.msg7706120#msg7706120

[Bit_Happy]

French Authorities dismantle "Illegal" Bitcoin exchange.
Duplicate topic, do mods ever merge threads here? (I think usually the answer is 'no')