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

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

📰 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
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