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Paxful pleads guilty to money laundering charges and faces a fine of $7.5MšŸ“° What happened with Paxful? Paxful Holdings Inc., a peer-to-peer cryptocurrency exchange platform that primarily operated with Bitcoin, agreed to plead guilty in federal courts in the United States to several charges related to serious financial crimes. šŸ“Œ Criminal charges accepted Paxful pleaded guilty to three federal conspiracies for: Violating the Travel Act by facilitating services that promoted illegal prostitution. Operating as an unregistered money transmitter business

Paxful pleads guilty to money laundering charges and faces a fine of $7.5M

šŸ“° What happened with Paxful?

Paxful Holdings Inc., a peer-to-peer cryptocurrency exchange platform that primarily operated with Bitcoin, agreed to plead guilty in federal courts in the United States to several charges related to serious financial crimes.
šŸ“Œ Criminal charges accepted

Paxful pleaded guilty to three federal conspiracies for:

Violating the

Travel Act
by facilitating services that promoted illegal prostitution.
Operating as an unregistered money transmitter business
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