A UK man living in Amsterdam is facing up to five years in prison for allegedly helping people by exchanging fiat cash for bitcoin which was used to buy drugs. He supposedly started by growing cannabis himself but soon found the bitcoin business to be more profitable by itself.
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Amsterdam Bitcoin Mule
The Dutch Public Prosecutor has demanded that the court give a 38-year-old British man five years in prison for allegedly laundering about €11.5 million in bitcoin between 2014 and 2016. This money is suspected as originating from illegal drugs deals and the trade of other prohibited goods on dark web marketplaces, the Public Prosecutor said on Wednesday.