A man in the Netherlands has been arrested on suspicion of using Bitcoin to launder money, with prosecutors alleging links to dark web transactions.
The 42-year-old man from the city of Midden-Groningen was arrested on November 16, according to a statement from the Fiscal Information and Investigation Service. The investigation began after the man used a Bitcoin ATM several times.
The investigation found that the man had been trading large amounts of Bitcoin through exchanges for a long time, and that he owned far more Bitcoin than his current income could afford. The man’s house in Veendam was searched and his computer equipment and cash were seized.