Day: February 16, 2023

Written by FinCrime

What you need to know about NFT money laundering

Reported by: FinTech Global Despite their growing interest across investors, there are still huge challenges around money laundering with NFTs. In a recent post by Alessa, the company explained more about money laundering in the NFT space and how to deal with it. What qualities make the tokens attractive to money laundering? Alessa cited pseudonymous […]

Written by FinCrime

Crypto Giant Binance Expects to Pay Penalties to Resolve U.S. Investigations

Reported by: Dave Michaels Binance, the world’s largest cryptocurrency exchange, expects to pay monetary penalties to settle existing U.S. regulatory and law-enforcement investigations of its business, the firm’s chief strategy officer said in an interview. Binance grew quickly and began as a business powered by software engineers unfamiliar with laws and rules written to address the […]