Turkey begins digital currency transactions over $1200
The measures were announced by the Minister of Treasury and Finance Lütfi Elvan, putting the Financial Crimes Investigation Board, or MASAK, at the heart of enforcement of the rules.
The measures were announced by the Minister of Treasury and Finance Lütfi Elvan, putting the Financial Crimes Investigation Board, or MASAK, at the heart of enforcement of the rules.
Senior government officials in Turkey are considering establishing a centralized authority to tackle counterparty risk in digital currency transactions, after employees were arrested at Vebitcoin and Thodex.
In addition to the alleged ICO fraud, Lee Jung-hoon is also under investigation for alleged fraud, tax evasion and transferring assets out of South Korea irregularly, authorities said.
Thodex exchange is suspected of taking $2 billion from close to 400,000 investors in Turkey, according to reports.
Justin Cheng has pleaded guilty to charges of defrauding the U.S. government of over $7 million through the COVID-19 relief program.
Reginald Fowler will now be represented in court by Edward Sapone after his former legal team withdrew from his case for non-payment of fees.
The Monetary Authority of Singapore has issued a warning following a scam that saw Prime Minister Lee Hsien Loong embroiled in a token fraud on a local token trading platform.
Benjamin Reynolds, the founder of Control-Finance, is accused of misleading investors to believe he would invest their BTC, which authorities said he pocketed.
Jegara Igbara, also known as Jay Mazini, is accused of inducing his victims to send him BTC but failed to pay them back, authorities said.
Digital currency scams have varied over the years, ranging from those targeting victims’ greed such as “double-your-money” scams to those targeting intimidation such as extortion scams.
Jimmy Gale Watson Jr. faces a seven-count indictment including conspiracy to commit securities fraud and substantive wire fraud.
The U.S. Department of Justice has charged six people with operating an unregistered money transmitting business.