Bitcoin-Motivated Violent Crime Reaches Taiwan

Violent robberies involving Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term seem to be becoming more common - Taiwanese police have reported that four men have been arrested for assaulting a man and compelling him to transfer bitcoins to them, according to a report in Channel NewsAsia.

The perpetrators told the victim that they wanted to buy bitcoins from him, and invited him to meet them. He travelled to the city of Taichung with a friend to do just that. When he showed the group proof of his holdings, they assaulted both him and his friend, and executed a transfer using his phone. The man had 18 bitcoins on his phone, worth just over 170,000 USD at today's price.

Local police said in a statement that the perpetrators then forced the victim to drink strong liquor in order to make the altercation seem like a drunken brawl.

One of the assailants was arrested at the scene, and the other three were picked up later from various locations.

This was the first such incident recorded in Taiwan. The crime mirrors the modus operandi of a New Delhi gang which had engaged in a spree of violent Bitcoin robberies before their arrest in September of last year, as reported by the Hindustan Times.

Other recent examples of Bitcoin-motivated violent crime include a Russian man blindfolded and forced at gunpoint to transfer bitcoins while he was on holiday in Thailand last week, a Canadian cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term being unsuccessfully held up by three men at the end of January, and a 34-year old man from Hong Kong who had a large amount of cash stolen on a busy street in Wan Chai after travelling there to buy Bitcoin in person.

In one particularly shocking incident, a house in a sleepy Oxfordshire village was stormed by four men armed with guns who forced the homeowner to transfer Bitcoin to them, after binding his partner and placing the couple's baby outside the house in a pram. That crime was conducted in broad daylight, but the perpetrators were not apprehended. The couple have not returned to the village since the attack.