Virtual Currency Co-Founder Admits To Money Laundering

By  |  November 1, 2013
 | 

One of the founders of Liberty Reserve, a virtual currency services provider based in Costa Rica, has pleaded guilty to charges of money laundering, according to a November 1 report by Finextra.

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    Vladimir Kats entered his guilty plea in Manhattan Federal Court. Other charges included conspiracy and unlawful operation of a money transaction business.

    For more on how bitcoin could fall victim to the same fate as Liberty Reserve, read our full report here. 

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