French Officials Seize $272,800 From Illegal Bitcoin Exchange
Tanaya Macheel |
Published on July 7, 2014 at 21:10 BST
French
police have seized 388 bitcoins from a bitcoin exchange operating
illegally in the country. The coins are worth roughly €200,000 (or
$272,800) at current prices.
Three were arrested in Cannes, Nice and Toulouse on suspicion of
operating a website that illegally sold and lent bitcoin to its
registered users. Sources said a retired policeman tipped off the
financial authorities when he bought bitcoin at the exchange.