India: two drug dealers selling for Bitcoin (BTC) arrested
Yesterday, Whitefield police detained two people accused of drug trafficking. Officers of the Central Crime Branch seized synthetic drugs worth about 20 million rupees (~£200,000) from the arrested, who are both residents of Jharkhand.
According to The Hindu, the detainees were hired by the dealers who sold drugs through the darknet. They paid for the goods with Bitcoin, and the two Indians transferred drugs to regular customers. The two accused rented a house in Whitefield and regularly received remuneration for the distribution of prohibited substances.
The operation to detain drug traffickers was carried out yesterday. As a result, hashish, marijuana, LSD, ecstasy and other drugs were found in the house. The police seized mobile phones from the detainees to analyze conversation recordings or obtain other data. The dealers, who hired the two Indians, have not yet been identified, they are absconding.
The dealers used Bitcoin to receive remuneration in order to remain anonymous. Read how the police can take advantage of this exact feature to capture the dealers.
I am sure that crypto assets are a new type of economy. We are at the origins of the crypto revolution. Right now, it is worth studying what cryptocurrencies and the blockchain are in order to make the most of this knowledge and these skills in the future.