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Virtual currency: Too much Liberty?

Posted on 04 June 2013

Users in the mushrooming world of digital currencies were in for a shock, when Liberty Reserve was accused of money-laundering operations amounting to $6 billion. “If Al Capone were alive today, this is how he would be hiding his money,” said U.S. prosecutors about Liberty Reserve, the popular digital currency site.
Liberty Reserve described itself as the “oldest, safest and most popular payment processor… serving millions all around a world.” However, the users in the mushrooming world of digital currencies were shocked on Friday, when Liberty was indicted by U.S. regulators on charges of money-laundering operations amounting to $6 billion………………………………………..Full Article: Source


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