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Airport Gold Seizure in Amsterdam Points to Bitcoin Utility for Private, Borderless Trav…

07 Mar Airport Gold Seizure in Amsterdam Points to Bitcoin Utility for Private, Borderless Trav…

Posted at 12:19h in Bitcoin News by

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Airport Gold Seizure in Amsterdam Points to Bitcoin Utility for Private, Borderless Travel

A 27-year-old Brazilian man was arrested at Schiphol Airport in Amsterdam Friday for failing to declare 15 kilograms of gold bars to customs, according to local reports. After failing to provide a convincing explanation as to how he acquired the gold, the traveler flying from Rio de Janeiro to Hong Kong was placed under arrest on money laundering suspicions. The news has crypto Twitter alive with chatter, bringing renewed focus to the benefits cryptocurrencies like bitcoin can bring to the table, where privately traveling with large sums of money is becoming increasingly difficult.

Also read: Bitcoin Gold Whale Allegedly Controls Half the BTG Supply

Gold Carrying Traveler Arrested in Amsterdam

The arrest, as reported by Dutch media, notes the man was taken in by the Royal Military Police “because he had 15 kilos of gold bars in his luggage,” and “couldn’t give a good explanation for that.”

The Netherlands Royal Police gave further details in…

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