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As the recognition of bitcoin grows, varied governments throughout the globe have been taking note of it, the individuals who spend money on it, and what they do with the cryptocurrency. One of the excessive profile circumstances which have emerged has been the one among Liverpool man, Curtis Warren, famously generally known as the ‘Brit Pablo Escobar.’ Warren not too long ago obtained a judgment from a UK court docket that has banned him from ever utilizing bitcoin.

Nabbing A Notorious Criminal

Curtis Warren is a infamous felony that had been on the UK’s radar for a very long time. The 59-year-old had even been essentially the most wished felony on Interpol’s checklist earlier than his arrest. Warren had beforehand served a 12-yea sentence within the Netherlands after being caught with £125 million value of medication and weapons. He had then earned one other 4 years in jail after kicking a fellow inmate to loss of life.

Then once more in 2009, Warren was discovered responsible of conspiracy to smuggle hashish and had then been handed one other 13-year jail sentence. This was the results of an organized take-down that was orchestrated towards Warren who was thought of to be the UK’s greatest drug supplier at one level. He had even appeared on the Sunday Times Rich List for bringing in an estimated £15 million weekly from his illicit actions. 

Curtis Warren is definitely set to be freed quickly however the UK court docket system has positioned strict conditions for his release. The most outstanding of those is the ban from ever utilizing Bitcoin. In addition to by no means with the ability to transact or spend money on bitcoin, Warren can also be banned from utilizing the moment messaging app WhatsApp.

BTC worth trending above $19,000 | Source: BTCUSD on TradingView.com

The situations don’t finish there although. Warren should present a day’s discover earlier than he can board a buddy’s automotive or van. He may also want to supply every week’s discover earlier than he can journey overseas to Scotland. 

Bitcoin And Crime

This is not going to be the primary time that bitcoin actions have been linked to criminals. Its use in nefarious actions has been an argument for lawmakers towards the existence of the cryptocurrency, regardless of research exhibiting that solely a small share of bitcoin transactions have been truly linked to felony exercise.

Back in July 2021, Claudio Oliveira, the self-titled “Bitcoin King” was arrested for felony exercise involving 7,000 BTC. Earlier in 2022, regulation enforcement had arrested a New York-based couple in connection to the 2016 Bitfinex hack and charged them with conspiracy to launder $4.5 million in Bitcoin.

The Nigerian Federal High Court in Lagos had, final week, ordered the forfeiture of just about 2 BTC that have been seized from a suspect named Alkali Naziru Taminu on suspicions of the cash being obtained by way of criminal activity. 

As the house continues to evolve, it’s anticipated that governments can have extra regulatory oversight over the market, which is able to inevitably result in the arrest of extra dangerous actors within the house.

Featured picture from Escape Artist, chart from TradingView.com

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