Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Britain’s Pablo Escobar to Be Released From Prison but ‘Banned’ From Using Bitcoin (Report)

CryptoExpert by CryptoExpert
October 19, 2022
in Bitcoin News
0
Britain's Pablo Escobar to Be Released From Prison but 'Banned' From Using Bitcoin (Report)
  • Facebook
  • Twitter
  • Pinterest



You might also like

Bitcoin Stays Below $80,000 as Fed’s Warsh Talks Inflation At Jackson Hole

Brazil Deploys Crypto Alerts System to Neutralize Cyber Threats

Bitcoin Heads Toward $81,000 As Nvidia Earnings Beat Fuels Risk-Asset Gains

Curtis Warren – a British drug lord who was found guilty of smuggling cannabis – is due to be released from prison next month.

The authorities, though, will supposedly put him back behind bars for five years if he uses WhatsApp, Facebook Messenger, or interacts with cryptocurrencies, including bitcoin.

Strict Measures to Stay on the Loose

Warren (also known as “Britain’s Pablo Escobar”) has been a problematic figure for the European authorities for the past decades. In 1996, the Dutch police caught him importing drugs from Colombia to Europe, and was set behind bars for 12 years.

Shortly after his release, he participated in another massive narcotics distribution in the United Kingdom. British law enforcement agents, though, detected the crime, and Warren went to prison once again – this time for 13 years.

okex

A recent coverage by The Times revealed that the wrongdoer’s sentence is due next month. However, the authorities will require him to abide by several strict rules to stay out of prison. He should never hold any cryptocurrencies and refrain from using messaging applications such as WhatsApp and Facebook Messenger.

To prevent any future drug schemes, Warren will be allowed to have only one mobile phone, one Sim card, and one telephone number. He won’t be able to possess more than $1,000 in cash, while agents will monitor whether he borrows or transfers money.

While the authorities’ intentions might be to ban Warren from using Bitcoin, the technology behind it is designed to make these exact attempts futile.

Bitcoin’s blockchain represents a public ledger with no single authority having control over who gets to use it. That’s why many refer to it as “immutable” as in authorities, even governments or central banks, are unable to censor people. Anyone is able to create a BTC wallet (which is pseudonymous) and freely transact on the network.

However, they could blacklist Warren and prevent cryptocurrency exchanges from opening an account on his name.

Bitcoin’s Role in Drug Affairs

While there is no proof that Warren used cryptocurrencies in his illicit activities, this is not the case with several other drug lords and organizations.

In March, the United Nations Office on Drugs and Crime (UNODC) noted that an increasing number of Mexican and Colombian cartels had turned their focus toward digital assets. According to the allegations, infamous gangs such as Jalisco New Generation Cartel and Sinaloa Cartel laundered some of their crime money by purchasing small amounts of bitcoin.

Several months later, the West Yorkshire authorities sent the British resident Simon Barclay to prison for nine years after he pleaded guilty to running a drug scheme using cryptocurrencies.

Shortly after, India’s Narcotics Control Bureau (NCB) arrested Makarand Pardeep Adivirkar, a.k.a. “The Crypto King,” who allegedly bought drugs from the Darknet using BTC.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

Bitcoin Stays Below $80,000 as Fed’s Warsh Talks Inflation At Jackson Hole

by CryptoExpert
August 28, 2026
0
Cointelegraph

Bitcoin (BTC) saw volatility after Friday’s Wall Street open as markets reacted to US Federal Reserve chair Kevin Warsh’s comments on future monetary policy.Key points:Bitcoin initially fell during...

Read more

Brazil Deploys Crypto Alerts System to Neutralize Cyber Threats

by CryptoExpert
August 28, 2026
0
Brazil Deploys Crypto Alerts System to Neutralize Cyber Threats

Key TakeawaysBrazil’s central bank created a real-time alert system with Hypernative to prevent crypto cyberattacks.The tool responds to a July 2025 exploit where cybercriminals stole $180M and cashed...

Read more

Bitcoin Heads Toward $81,000 As Nvidia Earnings Beat Fuels Risk-Asset Gains

by CryptoExpert
August 28, 2026
0
Cointelegraph

Bitcoin (BTC) rebounded toward $81,000 around Thursday’s Wall Street open as Nvidia earnings boosted US stocks.Key points:Bitcoin reclaims $80,000 as $96.2 billion Nvidia earnings provide a boost to...

Read more

Giant Hole in Global Crypto-Tax Net; China’s Taxable Crypto Only 1/5th of the US

by CryptoExpert
August 27, 2026
0
Giant Hole in Global Crypto-Tax Net; China's Taxable Crypto Only 1/5th of the US

Key TakeawaysOnly 14% of global taxable onchain crypto asset activity is estimated to fall within CARF’s scope.DEX activity, P2P transfers and self-custody transactions largely fall outside CARF’s scope.Expanding...

Read more

First Quantum-Resistant Bitcoin Transaction Confirmed on Mainnet Without Protocol Change

by CryptoExpert
August 27, 2026
0
Bitcoin Quantum Threat May Not Be as Serious as Feared, According to Analyst

The workaround comes with an important limitation: only private mempools such as MARA's Slipstream can currently accept it. Bitcoin got its first known quantum-resistant transaction on mainnet...

Read more
Next Post
Ripple and Peersyst Devs Push XRP Toward Ethereum Compatibility With First Phase of an EVM Sidechain

Ripple and Peersyst Devs Push XRP Toward Ethereum Compatibility With First Phase of an EVM Sidechain – Altcoins Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 77,890.00
ethereum
Ethereum (ETH) $ 2,440.17
tether
Tether (USDT) $ 0.999961
bnb
BNB (BNB) $ 693.66
xrp
XRP (XRP) $ 1.40
usd-coin
USDC (USDC) $ 0.99996
solana
Solana (SOL) $ 105.45
tron
TRON (TRX) $ 0.339147
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?