📰 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.
📌 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