Here’s is different. It doesn’t need you to warn anyone because she clearly did what is wrong and she knew what she was doing. Merely having that amount, you have to explain how and why. And digging into hers, she helped launder money. Now she has to spend the next 6 years away from being a normal human/citizen.


You don’t have to argue about it. It’s simple to stay away from trouble. In the end, if you fall into doing something wrong you’re the one to pay the consequences.

You still have to be careful though and considering that in your country, it's illegal to own a bitcoin, that part where 1 or 2 people know that you own a bitcoin should never have happened in the first or never should increase in the future, you'll end up losing a lot of things when you do this kind of thing, people can easily betray others just so you know but other than that, hopefully you're really extra careful with your bitcoin ownership especially when you do transactions, it's going to be really difficult for you to do big transactions after all, given how it's so easy to suspect someone is doing illegal when they do a sudden but big transactions.

You can use your bitcoins with on chain transactions without problems but if you have to sell your bitcoin to fiat currency, you have to use methods like bank transfer and will possibly have problems with banks and government.

If you only use your bitcoin on chain, you will avoid those problems but there are things you must know for your privacy.

Use your Bitcoin full node if you can.
Use Tor for your full node and when you broadcast your transaction on chain.
Use change address.

Cryptocurrency Explained: How to Get More Privacy on Bitcoin Transactions [Privacy is a Human Right]

As far as I know, there are still some countries that still ban bitcoin such as Bangladesh, China...But that doesn't mean the government is so draconian that it will spend a lot of time and effort just to spy on you or every citizen to prosecute and imprison you just because they heard a rumor that you were investing in bitcoin. Things will become serious unless you carry out transactions related to money laundering, crime...otherwise no one will care about you and things will not be as serious as you say.

Even the management and prevention of drug crimes, and murder...the government cannot complete, they do not have enough time and resources just to hunt down and arrest those who invest a few thousand dollars in bitcoin.
I also have a few friends from China and they have been quietly investing in bitcoin for many years, they say it is not as serious as many people imagine. They even use social network X to participate in discussions with the crypto community.

She was not into crypto at first and then came into illegal activity. She step into the crypto world for money laundering. And I am quite surprised to see the simplest way via these scammers launder money. I mean via GOLD or Expensive apartments, and most of her wealth was not her (as said in the news) she was working for someone. And not all of the funds were in the form of BTC.

Only some amount was in the form of BTC, but the officials will always say BTC is the main source for money laundering it needed to be stopped they won't talk about the Gold and expensive apartments she bought to launder more money than she did via BTC. IMO BTC is not a reliable way to launder money, if you want to then make contact with some political party NFA haha. Just saying what's on my mind.

Converting Bitcoin into luxury assets isn't a crime on its own and shouldn't be a crime on its own. But the question of how someone got enormous amounts of BTC is valid, and there's often a real crime there. In her case, it was allegedly organized crime, so that's fairly serious. Although I must say I don't like it that there isn't enough information in the news about it. If the money was stolen from people or people got scammed, that's one story. If nobody knows where the money is from, that's another story. And I don't know for sure what's the case with her.

The law clearly states what constitutes a crime. Bitcoin is not included in the concept of crime, so the use of Bitcoin by people who commit crimes does not indicate that Bitcoin is something wrong. There is a punishment for doing things that are crimes in the law. Trading Bitcoin is prohibited in some countries, but in most countries there is no prohibition specified by law. In many countries, you cannot shop with Bitcoin, but you can trade Bitcoin on exchanges.

This is easy to prove if you haven't done anything bad. If you are going to invest or trade with Bitcoin, you should check whether this trade or investment is regulated by law in your country.

Consider which country this victim executed all the transactions, as you can see in the news, she converted it to some physical assets, maybe that's the time that regulators tracked the sourced and found it.
Jeez! The government must verify if those Bitcoins are acquired in legitimate ways before they take any actions.

I am also curious if those Bitcoins were confiscated and no chance for this victim to use them anymore.

When governments force their organizations, facilities to apply technology more seriously and force citizens to do more things in society through online systems and applications, they have almost all necessary data in real-time. It saves them a lot of time and human resources to do data entry manually like years ago that need more time to complete and can cause mistakes from data entry step.

So with available real-time data, and with big data mining, analytical tools nowadays, they will catch you if you do tax evasion. I agree with your advice that as citizens, we should fulfill our tax responsibility to avoid any trouble in future. Sometimes, there is barrier like government does not have updated guideline on tax report for new things like cryptocurrency. We need to follow their update on it and fulfill our tax reports and tax responsibility.

If we don't want to end up behind bars, we must abide the law.  If the government implements that Bitcoin is illegal and people using such cryptocurrency is committing a crime then as a citizens of the country we have to follow the law but it does not mean we will just follow it blindly if we feel that it is oppressing every individual, we can file a petition along with the people who have the same belief for the government to consider revising such law.  It may take some time but I believe eventually someone from the position will consider the petition about cryptocurrency if the reason is good enough that it won't harm the country's economy and its citizens.

But in the case presented by @OP, the woman is surely committing crimes and there is evidence of fraud, tax evasion, and money laundering.  It is sad that this woman use cryptocurrency to cover his dirty antiques until exposed and apprehended.