did i undertood that right?
The guy was selling some bitcoins, the buyer(police) ask for a meeting and he goes?
If i were in localbitcoins selling some, i would never go to a meeting... the whole point of this is anonymity.
He wasn't the seller, the police were. The whole point of localbitcoins is to be able to engage in physical exchanges of BTC with others.
Maybe he is selling bitcoin bitcoin for not a provably fair price thats why he arrested or there's someone who reported that he selling bitcoin for not provably fair price..
The article says the cyber crimes unit of the security services lured him. It doesn't mention anything about someone reporting him. It says that the police arrested "one" of those people who use Bitcoin, so I'd imagine that they are going after anyone who deals in BTC. It's not just BTC either - the government is trying to slow down the devaluation of the Egyptian pound and are cracking down on anyone who sells foreign currencies for more than the official rates.