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June 5, 2016 04:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/vg0L9hirzkY/bitcoin-sting-operation-nabs-egyptian-dentist
Bitcoin Sting Operation Nabs Egyptian Dentist
An anonymous reader writes:A 30-year-old dentist has been apprehended by Egyptian authorities for conducting bitcoin-to-dollar transactions on LocalBitcoins.com, a popular digital currency trading portal... According to today's post on the Facebook page of The Ministry of the Interior, Mr. Ahmed was captured with $13,900 in cash, as well as a cellular phone and a smart tablet that were used in the trading operation. Authorities setup Ahmed by contacting him about a potential deal on LocalBitcoins, where Ahmed was selling the digital currency for $570 per coin. The strangest part of the article is "it is unclear what specific law Mr. Ahmed was breaking, as there are no regulations on digital currencies in Egypt."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/vg0L9hirzkY/bitcoin-sting-operation-nabs-egyptian-dentist
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