31 Mar '17, 12pm

Bitcoin Helped Smuggle $100,000 Worth LSD From US To India

India has arrested five people including two students who allegedly smuggled seven mln rupees’ ($108,000) worth of LSD from the US using Bitcoin. According to local news publication Times of India , the group, operating in Mumbai, used the virtual currency ship postage stamp-style blots of the drug via courier services. LSD is colorless and odorless, making it hard to detect. Much like Bitcoin, however, its pseudo-anonymous qualities are no longer a match for sophisticated tracers. “Our team had received information that this gang has been actively involved in smuggling and supplying LSD or party drugs to several others including celebrities," inspector Sunil Mane of the Mumbai police’s anti-narcotics cell commented. The operation comes the same week as India’s government reiterated warnings about virtual currency. On Tuesday, Minister of State for Finance Arjun Ram Meghwa...

Full article: https://cointelegraph.com/news/bitcoin-helped-smuggle-100...

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