Saudi Prince Alwaleed made headlines just days ago when he publicly denigrated the viability of Bitcoin, alleging the cryptocurrency and the community around it will “implode.” However, the only thing that’s imploded for now is Prince Alwaleed’s legal situation.
One of the more common mainstream complaints against Bitcoin and cryptocurrencies in general is that they can be used in criminal money laundering ventures.
Apparently, though, Saudi riyals and U.S. dollars can be too — and Saudi Prince and Bitcoin-critic Alwaleed bin Talal just found this reality out the hard way after undergoing a shock arrest in the Kingdom of Saudi Arabia on money laundering charges Saturday night.
Read Full: Ironic: Saudi Prince That Attacked Bitcoin Arrested For Money Laundering
