Police arrested Dutch man with Bitcoin mining farm for money laundering

Re:Police arrested Dutch man with Bitcoin mining farm for mo... by adaml_623 on Wednesday April 02, 2014 @12:12PM (#7516550)

By definition if you obtain any monetary benefit from a criminal act then it is Money Laundering. It encompasses a lot of different possible activities. Tax evasion is a crime but if you take that money and transfer it to an overseas account then that is money laundering.

(posted this same comment in the other HN comment thread about this story)

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Re:Police arrested Dutch man with Bitcoin mining farm for mo... by IgorPartola on Wednesday April 02, 2014 @01:23PM (#7517208)

Hold on. Isn't BTC property, not money? By that logic this is like stealing corn, making candy corn, then selling it. Still illegal, but not money laundering.

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Re:Police arrested Dutch man with Bitcoin mining farm for mo... by bjitty on Wednesday April 02, 2014 @01:30PM (#7517277)

This didn't happen in the US. Although maybe the Dutch government has declared it property as well. I'm not sure.

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Re:Police arrested Dutch man with Bitcoin mining farm for mo... by the_mitsuhiko on Wednesday April 02, 2014 @01:52PM (#7517511)

Only as far as the IRS i considered.

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