Not too long ago, the Backpage.com platform was seized by the US government. This particular development also had some repercussions for cryptocurrencies, as the site’s CEO was charged with laundering money using Bitcoin and other cryptocurrencies. It now seems he has pled guilty to these charges and intends to flip on other website officials. Backpage Money Laundering and Cryptocurrency The entire story involving Backpage.com and its officials has been quite interesting to keep an …
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Leading classified advertising website Backpage was forced to shut down its adult section last week, after it fell victim to a government inspection and crackdown. The US Senate committee, which released a full report on the matter, came to a consensus that the company was promoting and facilitating prostitution and child sex trafficking. Senators Rob Portman and Claire McCaskill stated that the decision of Backpage to terminate its adult section …
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