Bitcoin Trader Max Flores Gets His Money Back

incident is said to have started after the bank he has his account with filed a suspicious activity report against him. However, he has not received any explanation regarding it, either from the bank or the police.

The court has earlier given permission to the law enforcement authorities to hold the money for a period of three months pending investigation on alleged money laundering. Max Flores was able to get the money back last month only after appealing against the court’s decision to withhold the money and informing yet again about his involvement in bitcoin trading. In order to get his GBP 5500 back, he claims to have lost over GBP 1200 in legal fees.

Max also informed that during the course of investigation, the police had claimed that he has been falsely claiming housing benefits. Max Flores’ case happens to be the first of its kind in Scotland. Even though using bitcoin is not illegal, it is what people choose to do that decides whether the transactions are illegal or not.

In relation to the case, the Crown Office has cleared the air about the legality of bitcoin. In a statement, the spokesperson for Crown Office has stated that bitcoin trading is

Read more ... source: LiveBitcoinNews