Bitcoin Exchange Paxful Faces $4 Million Fine For Conspiring To Promote Illeg...
Paxful, once one of the largest peer‑to‑peer (P2P) Bitcoin marketplaces, has agreed to pay a $4 million criminal penalty after pleading guilty to multiple federal offenses, the US Department of Justice (DOJ) announced Wednesday. The charges include conspiracies to promote illegal prostitution, operate an unlicensed money transmitting business, violate the Bank Secrecy Act, and knowingly […]
Related News
Paxful has announced Paxful Pay, an ecommerce checkout integration that allows merchants worldwide to receive bitcoin as payment.
The Paxful affiliate program allows the people to be a part of the Bitcoin community as it rewards them for spreading the word about Bitcoin. Paxful is giving away 10 bitcoin or thousands of dollars in prizes to people who try out their simple affiliate program. Paxful is a listing service like Craigslist or Backpage. Sellers list their ads to sell you bitcoin for a certain price and to get payment a certain way. Once you find deal you like you start a trade with the seller. You’ll be in a live chat with them and they will tell you how to pay them, then once you pay they release the....
A cryptocurrency trader has been convicted in the U.S. for operating an unlicensed money-transmitting business using Localbitcoins and Paxful. He faces up to five years in federal prison and a possible $250,000 maximum fine.
Crypto Trader Pleads Guilty
The U.S. Department of Justice (DOJ) continues to take action against crypto traders using services such as Localbitcoins and Paxful to buy and sell cryptocurrencies as a business without a license. The latest such case involved Hien Ngoc Vo, a 49-year-old man from Seattle, Washington, who operated an unlicensed crypto business in....
Weekly Bitcoin trading volumes in the Philippines peso were steadily growing on Paxful this year and eventually hit a new high in July. Despite some level of regulatory uncertainty around cryptocurrency in the Philippines, one platform has recorded a massive influx of Bitcoin (BTC) trading activity recently.Bitcoin trading volumes in the Philippines have been on the rise over the past few months on the major peer-to-peer (P2P) crypto exchange Paxful.According to data from the Bitcoin tracking website Coin Dance, Bitcoin trading volumes denominated in the Philippines peso (PHP) have been....
On the latest episode of the Bitcoin.com Podcast, our host Zach Doty sat down with Ray Youssef and Artur Schaback of Paxful. Zach, Youssef and Schaback discussed Paxful’s services, branded as the “Uber” of buying bitcoin. Paxful: The ‘Uber’ of Bitcoin. Calling themselves “PayPal + Uber,” as well as “the peoples [sic] Wall Street,” Paxful allows people to....