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Police in Japan make bitcoin-linked drug arrest…

Originally posted on The Other Asian News:

TOKYO —

A suspected drug importer who allegedly used bitcoin to pay his Mexican suppliers has been arrested in Japan, police said Friday, in reportedly the country’s first case of its kind.

Police forces in Tokyo and Fukuoka teamed up for the operation to arrest Ayumu Teramoto, 38, on suspicion of buying a “stimulant drug” from abroad, a spokesman for Tokyo Metropolitan Police said.

It was not clear what the drug was, but the phrase is often used to describe substances such as cocaine or methamphetamine.

Media, including national broadcaster NHK, said it was the first time someone had been arrested in Japan for a drug transaction that involved bitcoin.

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This entry was posted on May 10, 2014 by in General News Stories.

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