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French police smash illegal Bitcoin trading ring

07
Jul
2014

French police said Monday they had smashed an illegal Bitcoin trading network, seizing virtual currency worth 200,000 euros ($272,000) in the first such operation in Europe. This is the first time that an illegal exchange platform for Bitcoins like this one has been dismantled in Europe, a police statement said. Backers say virtual currencies allow for an efficient and anonymous way to store and transfer funds online.

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