Rebels Member Pleads Guilty in Tasmania's Biggest-Ever Drug Bust, Paid with Bitcoin

Nicholas Mark Stebbins, an ex-member of the Rebels Motorcycle Club, pleaded guilty in what was Tasmania's biggest-ever drug bust.

Stebbins allegedly sold $11 million worth of amphetamines, MDMA, cocaine and other narcotics between August 2012 and July 2014. He reportedly purchased them using Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term in order to avoid going through the banks. Evidence of seven drug-filled parcels, containing $500,000 worth of MDMA, was presented.

He also repeatedly made some transactions through the post office using his driver's license as identification.

With the guilty plea, Stebbins' defense team has sought to highlight their client's good side in a bid to lighten his sentence. They argued that while remanded in custody, he was the "model prisoner." He completed a certificate on building to improve his future job prospects and re-established relationships with his mother, girlfriend and family friends, who would act as a support base should he be released.

Their general defense centered around the argument that Stebbins was only part of a group of the drug operation but did not lead it. Stebbins also pointed out that he has severed ties with the gang and returned his patches in a bid to rehabilitate.

But the prosecution has argued that Stebbins has still not revealed to the court the source of the money for purchasing the drugs.

Sentencing is next month.

Last year, Australian authorities launched a broad crackdown on gangs and drug trade, seizing a bitcoin ATM at a cafe in Brisbane.