Defunct P2P Crypto Platform Paxful Sentenced to $4M Penalty for Money Laundering, Travel Act Violations

Defunct P2P Crypto Platform Paxful Sentenced to $4M Penalty for Money Laundering, Travel Act ViolationsPeer‑to‑peer cryptocurrency trading platform Paxful was sentenced to pay a $4 million criminal penalty after pleading guilty to conspiring in schemes that promoted illegal prostitution and violated the Bank Secrecy Act. Prioritizing Profit Over Compliance Paxful Holdings, a peer-to-peer cryptocurrency trading platform, has been sentenced to pay a $4 million criminal penalty after admitting to […]

source https://news.bitcoin.com/defunct-p2p-crypto-platform-paxful-sentenced-to-4m-penalty-for-money-laundering-travel-act-violations/


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