Sex marketplace 'backpages' - "Bitcoin used for money laundering"

in marketplace •  7 years ago 

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These during the conclusions last week, these websites were closed to the Justice Department. This is the person who has accused of facilitating money laundering, conspiracy and prostitution in the online sex market.

Coinbase Customer

Similarly, the US Department of Justice accused a 93-page federal prosecution in a blast. This classified sex-advertising website "Backpages.com" Has used cryptocurrency exchanges to wash billions of dollars in bitcoin. Apart from this, the site has said that the use of cryptocurrency has violated millions of dollars of money.

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It is promoted prostitution and since its introduction in 2004 sex trafficking began. It actually flows in the back pages of every dollar flowing in; it represents the income of illegal activities. Since these illegal prostitution ads have been able to make backups, they have earned more than $ 500 million in prostitution revenues.

source:https://www.ccn.com/sex-marketplace-backpage-used-bitcoin-for-money-laundering-doj

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