Spain arrests 30 suspected of laundering money in bitcoin centers

  • Spain arrests 30 suspected of laundering money in bitcoin centers
  • The proceeds were allegedly laundered through investments in banking products, luxury cars, property as well as Bitcoin centers.
  • Spanish police said on Wednesday they had arrested 30 people suspected of illegally distributing pay television content and of laundering the proceeds by investing in bitcoin “mining” centers for processing transactions in the digital currency, which use intensive computing power to generate more bitcoins.
  • Six bitcoin “mining” centers were seized in the raid, they added, after an investigation alongside Spain’s tax office that started as a crackdown on a scheme to illegally decode and distribute pay-TV content.
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@CNBCi: “Spain arrests 30 suspected of laundering money in bitcoin centres”


Spanish police say they’ve arrested 30 people suspected of illegally distributing pay TV content & of laundering proceeds by investing in bitcoin “mining” centres.


Spain arrests 30 suspected of laundering money in bitcoin centers