[2014-07-07] RT: Bitcoin busted: French police wind up 1st illegal virtual curre

[Nemo1024]

Bitcoin busted: French police wind up 1st illegal virtual currency trading ring
http://rt.com/news/170988-bitcoin-france-police-exchange/

French police have eliminated an illegal Bitcoin trading network worth 200,000 euro (about $272,000) in a first operation to bust a virtual money exchange in Europe, authorities revealed Monday.

Two people have been detained and placed under investigation following raids last week in the southern French cities of Nice, Cannes and Toulouse, and in Brussels, Belgium, that also resulted in the seizure of 388 bitcoins, AFP reports.

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[freedomno1]

Hmm that is a first
Not sure what my reaction should be surprise or tell them to register seems a bit early to go on a crackdown though.
Then again with that ridiculous tax bracket ...
http://www.bbc.com/news/business-25541739

The website – which illegally sold and lent crypto-currency to its users – had been used for at least 2,750 transactions with at least 2,500 bitcoins – between November 2013 and July 2014, according to Radio France international (RFi).

Under French law, platforms that exchange bitcoins and euros have to be approved by the ACPR, the country’s financial watchdog. However, police discovered that the website operated by the suspects had not been authorized.

[LiteCoinGuy]

already posted:

https://bitcointalk.org/index.php?topic=680768.0

[freedomno1]

already posted:

https://bitcointalk.org/index.php?topic=680768.0

Ah woops didn't see that myself
That said I think this one is fine since it uses an alternative sourcing.

[#yolo]

This is a big warning for all unregistered bitcoin exchangers. IMO this is partially positive since BTC is getting more market/people when it's more legislated and has a more "legal" appearance.
Although following these strict regulations the one buying BTC's loses some of his privacy it's still hard to absolutely confirm that a person owns the coins or not after moving from an address to another.

[notthematrix]

This is a big warning for all unregistered bitcoin exchangers. IMO this is partially positive since BTC is getting more market/people when it's more legislated and has a more "legal" appearance.
Although following these strict regulations the one buying BTC's loses some of his privacy it's still hard to absolutely confirm that a person owns the coins or not after moving from an address to another.

Its a fake story!!!!
No webside no video's no names!!!!!
https://bitcointalk.org/index.php?topic=680768.msg7731463#msg7731463

so in this case it is is , but yes make sure you have a offshore banking license....
http://www.aspenassurance.com/offshore-banking-licenses

[Nemo1024]

already posted:

https://bitcointalk.org/index.php?topic=680768.0

Yes, I saw that is was posted from another source. However, the point of this sub-forum is to document BTC in press, so naturally, the same story might appear in several outlets, all of which should be referenced.