Australia : authorities discover $ 1 million in crypto-currency held by drug traffickers

December 9, 2019 by Clementine

While the police authorities responsible for investigating a case of drug officers searched the house of a man and a woman suspected of sending the MDMA in England, an estimated 1.5 million dollars in crypto-currencies were discovered in a mobile device of the torque.

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The crypto and crime are bedfellows in Australia

The adoption of the crypto-currency in Australia is far to go in the sense of legality. The character “encrypted” of those assets stimulates including the attention of scammers, money launderers and, in particular, of dealers of drugs.
Recently, it is in the framework of an investigation regarding the trafficking of MDMA destined for the old continent that the police authorities have put the hand on a background of colossal 1.5 million dollars in crypto-assets. In fact, the police officers searched the local area for two suspects after having traced the address of the parcel, before discovering the amount of digital cash in a mobile device.

Situations alarming that impede the development of crypto-currencies

This kind of traffic, difficult to identify by the police authorities is at the origin of some suspicions of institutions with respect to crypto-currencies.
On the other side of the pacific, the us regulators continue to put pressure on the crypto-large-scale projects to avoid the impacts of financial and economic that this may cause. In the present case, the blockade on the project Libra Facebook does not seem ready to see the light of day.
What do you think of this new discovery of crypto-currencies in the home of the alleged drug traffickers in Australia ? Give us your opinion in the comments section.
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Clementine

Passionate about the universe geek, Clementine finds the news more interesting and involved in their drafting.

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