Qld BitCoin ATM seized in bikie raids

[goldpelican]

...and the owner of it is not happy.

"The arrested individual has no relationship to Bit2Bit Holdings Pty Ltd. He is not a shareholder, either directly, or indirectly.

Rouge Coffee, and The Roastery Cafe do not own, or operate the ATM. The ATM is the sole property of Bit2Bit and is operated by us.

The ATM does not allow large volume transactions.

Bit2Bit's staff have been instructed to cooperate fully with any legal requests they get from the police."

www.coindesk.com/australian-police-seize-bitcoin-atm-2-6m-drug-bust/

 

[Caput Lupinum]

That's all the excuse the authorities need to start considering banning bitcoin. I just hope they ban vans and coffee shops at the same time as they are all obviously linked to organised crime.

 

[smk762]

My bet is the police will confiscate the cash inside the ATM alleging that it's proceeds of crime.

Was the coffee that bad?

 

[Golden ChipMunk]

Coffee is stimulant isnt it?

 

[Gallah]

Yeah attack Bitcoin, take it down, it's not like alternatives will arise which may be are anonymous.

At least with Bitcoin they can track addresses through the blockchain, if there is enough evidence that an address is involved in crime they have something to work from.