Money

The cryptocurrency platform Upbit, based in South Korea, has established itself as a dominant player in the country’s trading activity, accounting for over 80% of the market. However, its growing influence has raised concerns, especially as South Korea prepares to implement new legislation aimed at safeguarding investors in the aftermath of the TerraUSD stablecoin collapse
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Jabara Igbara, also known as “Jay Mazini,” recently faced the consequences of his fraudulent actions as he was sentenced to seven years in prison by U.S. District Judge Frederic Block. This sentence came after Igbara pleaded guilty to wire fraud and money laundering charges, admitting to scamming investors of at least $8 million. The United
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With the recent greenlight from the European Parliament on new Anti-Money Laundering Regulations (AMLR), Crypto Asset Service Providers (CASP) in Europe are now facing the challenge of implementing stringent Know Your Customer (KYC) procedures. These measures are essential in combating money laundering activities within the crypto sector. Expansion to Non-Financial Sectors The new laws not
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