The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $ 7 million in both cash and virtual currencies. Worthless Virtual Currencies Taiwanese police recently arrested two executives of …
Spanish law enforcement said on Dec. 1 it arrested a man accused by the U.S. of conspiring with Ethereum developer Virgil Griffith to help North Korea evade sanctions. A Spanish judge released the man who has since denied the allegations. Cao de Benos Released Without Conditions The Spanish police announced on Dec. 1 that it […]
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: USDT dominates the Brazilian crypto market, Bukele’s administration is accused of deviating funds for Bitcoin projects, and Venezuelan exchanges create a new association. USDT Dominates the Brazilian Market The Brazilian Tax Authority (RBF) […]
According to the United States Office of Foreign Assets Control (OFAC), Russian national Ekaterina Zhdanova has been sanctioned as punishment for using virtual currency to launder money for designated Russian elites. OFAC said Zhdanova’s properties and interests in the United States are now either blocked or must be reported. Russian Elites Seeking to Evade U.S. […]
A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.) Act, 2015.” Offense ‘Bordering on Cybercrimes’ A Nigerian court recently convicted a peer-to-peer …