Bitcoin ATM in Brisbane Seized by Police in Drug Investigation

When the Bitcoin ATM was installed in Brisbane, Australia, it was a big day for the Aussie’s, as they could now buy the virtual currency with fiat money on the street, rather than having to sign up online and purchase them there. The joy didn’t last that long however, as the ATM has now been seized by the police in a drug trafficking case.

 

The police decided to seize the ATM as they linked it with the Bandidos biker gang and drugs, but has yet to inform what kind of role it plays in the raid where they uncovered a multi-million dollar meth trafficking network.

 

The police however must believe that the ATM has been used to either launder money or to do transactions for drugs, as they are currently doing forensic work on it. Hopefully for the Bitcoin it will not amount to anything, as the Bitcoin and their ATM’s cannot handle a drug trafficking case where they Bitcoin was used for the anonymity.

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

Bitcoin mining as a catalyst in the world’s transition to green energy

Bitcoin mining to drive the world’s transition to green energy. This is what Mike Colyer, Chief Executive Officer of Foundry Digital,…

12 hours ago

April 14, HUGE day for Crypto as Coinbase direct listing is just hours away

Today is a huge day for Crypto. Coinbase, the top cryptocurrency exchange in the United States, will launch its COIN…

14 hours ago

Bitcoin is not a good option for criminals, says former CIA Director in a new report

Bitcoin is not really being used in money laundering operations. And considering the fact every transaction is recorded on the…

1 day ago

“caged bull” Bitcoin breaks into a new all-time high of almost $63,000

Just a day after Bloomberg analyst Mike McGlone called Bitcoin a “caged bull, well rested to escape”, the latter seemed…

1 day ago

Ripple files motions to dismiss lawsuit as XRP blasts to new three-year high

Just before the weekend, Judge Sarah Netburn ruled that Ripple executives Brad Garlinghouse and Chris Larsen’s did not have to…

1 day ago

Cardano, more than a hedge against Ethereum?

In a new video on the popular YouTube channel ‘Coin Bureau’, host Guy shares his thoughts on Cardano and the…

2 days ago