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Learning & News => News related to Crypto => Topic started by: newshunter on November 25, 2019, 07:00:52 AM

Title: New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation
Post by: newshunter on November 25, 2019, 07:00:52 AM

New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation

New Zealand police seize over $4 million in cryptocurrency from Jaron David McIvor, suspected of laundering funds from a movie pirating website

Source: New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation (https://cointelegraph.com/news/new-zealand-police-seize-42-m-in-crypto-in-movie-piracy-investigation)

Would appreciate your opinion about this

Title: Re: New Zealand Police Seize $4.2 M in Crypto in Movie Piracy Investigation
Post by: Niteroy on November 25, 2019, 10:40:26 AM

I don’t think that this news will somehow affect cryptocurrencies, because the main goal of the New Zealand police was not cryptocurrencies, but a committed crime related to piracy and money laundering. The only thing that can negatively affect the prices of cryptocurrencies is the sale of confiscated cryptocurrency by bailiffs when a court decision is made.