LIBERTY RESERVE WEBSITE SHUT DOWN FOR MONEY LAUNDERING

Liberty Reserve - a Costa Rican-based digital currency service - has been shut down after the reported arrest of its founder.Authorities in the Central American country said Arthur Budovsky had been taken into custody in Spain on suspicion of money laundering, following an investigation which also involved the US.

Liberty Reserve is one of the E-money and has been in operation for many years but it was its owner was arrested and the website shut down last week  Thursday due money laundering and other illegal operations. Many E-money ex-changers and Forex traders may be running to loss worth thousands of dollars. It has affected many internet users whose only means of transaction is liberty reserve and everybody keep wondering if liberty reserve will ever come back or went down the memory lane like the def font Egold. We need to wait to see the end result, time is the limit.

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