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Bad News for Bitcoin? Feds Shut Down 'Paypal for Criminals'

In what could be a bad sign for the future of Bitcoin, the feds have shut down Liberty Reserve, a virtual currency exchange system that prosecutors claim was a $6-billion money-laundering scheme designed to help criminals and hackers conceal the origin of their illicit money.

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mashable.com
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Settler1970d ago

What next? New for paypal shut down by them :P

fatstarr1970d ago

so instead of regulating the 2million + lines of the tax code they go after easy targets like this and let the big companies do what they want.