The platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attacks and drug trafficking. Alexander Vinnik, the co-founder of the crypto exchange BTC-e, has pleaded guilty to money laundering conspiracy. This follows a broader investigation revealing extensive illegal activities on the exchange from 2011 to 2017. In a May…
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Central issues: The Monetary Administrations Commission proposes a revision to boycott South Korean crypto Mastercard exchanges for digital money buys on unfamiliar trades. The move is driven by worries about unlawful asset outpourings, illegal tax avoidance, and speculative exercises in the crypto market. The Monetary Administrations Commission (FSC), the country’s top monetary administrative body, has…
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