French police question three over bitcoin website

Police were investigating the provision of online banking and gambling activities without the appropriate license

French police have questioned three people in connection with a Bitcoin exchange that, police say, handled 2,750 illicit transactions.

The Gendarmerie Nationale has dismantled a platform involved in the illicit exchange of bitcoins and uncovered 2,750 illicit transactions worth more than €1 million (US$1.36 million), the verified Twitter account of the Gendarmerie reported Monday.

It was the banking operations and the transactions performed by the accused that were illicit, not use of bitcoins, the Gendarmerie indicated.

In France, accepting regular currencies in order to facilitate the sale of bitcoins requires a license to operate payment services, the French Authority for Prudent Control and Resolution (ACPR) ruled in January. the ACPR is an independent regulator responsible for licensing banks and insurance companies.

The Gendarmerie did not immediately respond to requests for comment on the investigation, but a police spokesman told French news magazine Le Point that one of the people questioned was subsequently released.

The other two, the administrator of the website and one of its suppliers, remain subject to police restrictions, Le Point said.

The investigation concerned illegal banking operations, online gambling and clandestine working. Police seized 388 bitcoins during the investigation, the magazine reported.

At Monday's price those bitcoins would be worth around €180,000 (US$245,000).

The 2,750 illicit transactions were performed between November 2013 and July 2014, and involved at least 2,500 bitcoins, police told the magazine.

Peter Sayer covers open source software, European intellectual property legislation and general technology breaking news for IDG News Service. Send comments and news tips to Peter at

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags cybercrimeinternetlegalfinancee-commerceindustry verticalsInternet-based applications and servicesGendarmerie Nationale

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Sayer

IDG News Service
Show Comments


James Cook University - Master of Data Science Online Course

Learn more >




Back To Business Guide

Click for more ›

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?