#money

Artur Schaback has admitted that between July 2015 and June 2019, under his leadership, the P2P exchange Paxful failed to comply with U.S. regulations on customer identification (KYC) and anti-money laundering (AML) standards.

A new product named Ether․fi Cash is designed as an alternative to the often complex and costly off-ramp process of converting cryptocurrency to fiat money. The developers hope that this innovation will allow cryptocurrency holders to operate entirely within the blockchain ecosystem.

The U.S. Department of Justice is pushing for a three-year prison sentence and a $50 million fine for the former Binance CEO, Changpeng Zhao (CZ), due to violations of federal sanctions and anti-money laundering laws.

American authorities have charged Charles Parks III with fraud and money laundering related to his operation of illegally mining cryptocurrencies using cloud services. From January to August 2021, the suspect orchestrated a cryptojacking scheme, exploiting third-party computing resources and equipment to mine cryptocurrencies.

In an interview with DLNews, Arthur Hayes, co-founder of BitMEX, stated that both Trump and Harris' administrations will continue to print money. Hayes believes this will drive cryptocurrency prices up, although the journey might be volatile.

U.S. authorities have brought charges against three British nationals, the creators of the NFT project Evolved Apes, for conspiracy to commit fraud and money laundering. Investigators claim that Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan promised to develop a video game but disappeared just two weeks after the fundraising.

The term "ultrasound money" refers to a currency that resists inflation and maintains its long-term purchasing power.