P2P Bitcoin marketplace Paxful sentenced for promoting illegal prostitution and money laundering
The US Department of Justice (DOJ) has ordered Paxful to pay $4 million after the company admitted to conspiring to promote illegal prostitution and transmit funds derived from criminal activity. According to court documents, Paxful failed to enforce basic know-your-customer and anti-money laundering rules and ignored clear signs of criminal behavior on its platform. The…
