Spanish police capture bitcoin money launderers


According to Reuters, Spanish police have captured suspects accused of decoding paid-for TV for resell then investing the proceeds of crime into bitcoin mining centers. It seems the investigation also uncovered that the bitcoin miners were “fraudulently using vast amounts of electricity”.

As a side note, it is unclear whether Spanish authorities are having trouble applying seizure orders to virtual currency. By contrast in the UK, the CPS is asking for express powers to seize virtual currencies from offenders.