Month: February 2017

Danish Police Claim Breakthrough in Bitcoin Tracking

Danish police are claiming to have developed software for tracing bitcoin transactions that has led to successful drug convictions, according to local reports.

As reported by Berlingske, a new toolkit has reportedly enabled law enforcement officials in Denmark to press forward in cases involving the digital currency. The Danish National Police Cyber Crime Center (NC3) is said to be the department responsible for developing the tracking software.

According to the report, NC3’s new…

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Bitcoin Price in Tunisia 20% Higher Than in the US, Due to Capital Controls: Bitcoin Entrepreneur

It appears the North African country of Tunisia which was the origin of the Arab Spring in 2010 hasn’t learned any lessons. The revolution that spread to other Arab countries, is rooted in an absence of economic freedom. Paradoxically, the regime that came to power as a result of the revolution for freedom, now suppresses Bitcoin.

Tunisian Bitcoin entrepreneur and enthusiast, Mohamed Jaziri, shared his view on the situation with Cointelegraph:

“Tunisia is a country that applies capital controls. We have an inflationary currency that is constantly trending down.Tunisians have no right to possess any kind of foreign currency (no dollar no euro, no yen…). So Tunisians cannot go on Amazon or eBay and shop online. Bitcoin is a huge opportunity for Tunisians to get back their financial freedom and be able to protect themselves from inflation.”

However, the Tunisian state continues to be a pain in the neck of Bitcoin users by maintaining a lackadaisical attitude.

In November 2015, the Bitcoin community in Tunisia had a conference with government officials to discuss Bitcoin.

According to Jaziri, the government sees it as a threat not as a technology, especially central bank officials who vehemently oppose it and still see it as an impediment.

Naziri says:

“They are not going to issue a law to make it forbidden but they are not going to authorize any business to operate in this field either. I launched an exchange that was working very well but I had to close it down because of government pressure.”

Irrespective of all these government subjugation and denial of Economic Freedom, Tunisians sees Bitcoin as a timely solution to their Financial exclusion. Many Tunisian users rely on it as a store of value, for remittances and gambling online.

From all indications, the Tunisians did not see any reforms after the Arab Spring and the subsequent change of regime. The country has 50 percent of its economy in the informal sector. It is still less that in most…

Read more at cointelegraph.com

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