Slashdot Mirror
Bitcoin Sting Operation Nabs Egyptian Dentist (themerkle.com)
An anonymous reader writes:A 30-year-old dentist has been apprehended by Egyptian authorities for conducting bitcoin-to-dollar transactions on LocalBitcoins.com, a popular digital currency trading portal... According to today's post on the Facebook page of The Ministry of the Interior, Mr. Ahmed was captured with $13,900 in cash, as well as a cellular phone and a smart tablet that were used in the trading operation. Authorities setup Ahmed by contacting him about a potential deal on LocalBitcoins, where Ahmed was selling the digital currency for $570 per coin.
The strangest part of the article is "it is unclear what specific law Mr. Ahmed was breaking, as there are no regulations on digital currencies in Egypt."
The strangest part of the article is "it is unclear what specific law Mr. Ahmed was breaking, as there are no regulations on digital currencies in Egypt."
Is this meant to be a joke? Have you not noticed that there is a dictatorship in power in Egypt and there isn't a functioning rule of law.
The only crime in that type of society is "upsetting the people in power".
The real "Libtards" are the Libertarians!
Egypt is not a secular country. The constitution of Egipt recognizes Islam as the state religion, and Sharia as the source of authority. Supreme Constitutional Court of Egypt recognized Sharia as the highest law of the land. Also, it supports oppressive laws against non-muslims, while the police is notorious for not protecting them.
Don't lie, buddy. World is a small place.