What do you need to know about Liberty Reserve?
Liberty Reserve. Jump to navigation Jump to search. Liberty Reserve was a Costa Rica-based centralized digital currency service that billed itself as the “oldest, safest and most popular payment processor, serving millions all around a world”.
Who was the founder of Liberty Reserve Bank?
The United States charged founder Arthur Budovsky and six others with money laundering and operating an unlicensed financial transaction company. Liberty Reserve is alleged to have been used to launder more than $6 billion in criminal proceeds during its history.
How can I deposit money into Liberty Reserve?
Deposits could be made through third parties using a credit card or bankwire, among other deposit options. Liberty Reserve did not directly process deposits or withdrawals.
Is the Liberty Dollar the same as Liberty Reserve?
Not to be confused with Liberty dollar (private currency). Liberty Reserve was a Costa Rica -based centralized digital currency service that billed itself as the “oldest, safest and most popular payment processor, serving millions all around a world”. The site had over one million users when it was shut down by the United States government.
Who is the founder of libertyreserve.com?
The news comes four days after libertyreserve.com inexplicably went offline and newspapers in Costa Rica began reporting the arrest in Spain of the company’s founder Arthur Budovsky , 39-year-old Ukrainian native who moved to Costa Rica to start the business.
How much money was processed by Liberty Reserve?
The government says from 2006 until the service’s takedown, Liberty Reserve processed an estimated 55 million financial transactions worth more than $6 billion, with more than 600,000 accounts associated with users in the United States alone.