Liberty Reserve Shut Down For Money Laundering
 

Liberty Reserve, one of the more popular alternative payment processors for the USD and Euro, has been shut down and its owner, Arthur Budovsky, arrested in Spain as part of a joint money laundering investigation by police in the United States and Costa Rica.

:Oh crap

http://bitcoinmagazine.com/liberty-r...ey-laundering/

:Oh crap:Oh crap

This is a sad day for criminals and money launderers.:1orglaugh Oh wait.

No surprise. The US government has been trying to get it shut down for years. They once arrested him for calling his coins "coins" because Federal Reserve currency is called coins and that might confuse people into thinking Liberty Reserve is government sanctioned currency.

BitCoin will suffer the same fate eventually.