Lianyungang City is trying a case of drug trading using virtual currency

[Lianyungang City is trying a case of using virtual currency for drug trading] it was reported on June 27 that recently, the people's Procuratorate of Lianyungang District, Lianyungang City, Jiangsu Province sued Wang, a drug dealer who used bitcoin, Monroe currency and other virtual currencies for drug trading, to the court for the crime of drug trafficking. At present, the case is under trial. It is reported that Mr. Wang hid the drugs in the "stamps" with large fingernails. He used the "wall climbing" software to use the overseas website registration software to create a chat group, and then released the information of selling "stamps" through this group, and then used bitcoin, Monroe coin and other virtual currencies to reach a transaction. Lianyun District procuratorate suggested that the public security organs should cross identify the telegram accounts of both parties to further determine the uniqueness of the identities of both parties, and conduct further technical investigation on Wang's mobile phones to find out Wang's chat records and payment records, so as to further improve the evidence chain. At the same time, in view of the suspect's use of bitcoin and other virtual currencies for transactions, it is suggested that the public security organ contact the people's Bank of China and other professional anti money laundering departments to find out Wang's records of drug transactions using bitcoin, Monroe currency and other virtual currencies, his process of converting virtual currencies into RMB, his contact information with relevant personnel, and the flow of funds. (Jilin daily)