Briton in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug Money

A UK man living in Amsterdam started by growing cannabis but are now facing up to five years in prison for allegedly helping people by exchanging fiat cash for bitcoin which was used to buy drugs.     According to the  Dutch Public Prosecutor then man allegedly laundered about €11.5 million in bitcoin between 2014 and 2016. This money is suspected as originating from illegal drugs deals and the trade of other prohibited goods on dark web marketplaces.     According to the allegations, the accused profited by taking bitcoins…

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