Laws, policies, be careful that over-the-counter transactions may turn into money laundering crimes—Comment on Shanghai Changning Procuratorate's "Judicial Determination of Money Laundering Involving Virtual Currency" Golden Finance, a risk warning for friends who are doing U-business.
JinseFinanceSouth Korean police have arrested a gang of ten individuals involved in stealing money through fraudulent USDT over-the-counter (OTC) trading in the affluent Gangnam district of Seoul. The gang lured a victim to a street in Yeouido and promised discounted prices for USDT tokens. However, during a meeting arranged online, the gang attacked the victim's group while pretending to count cash, fleeing with the money without transferring any coins. Three suspects were arrested near the crime scene, while four others were apprehended in Anseong City. Two additional suspects fled to Busan but were later arrested. The alleged mastermind was captured in Cheongyang County. The gang had plans to target Busan, and they may have additional cryptocurrency-related targets. Police seized approximately $37,000 in cash and a gold necklace worth about $4,750. The suspects have been charged and handed over to the prosecution. This incident highlights the rising crime associated with cryptocurrency OTC trading in South Korea.
BerniceWhat if we could build a trustless third party that facilitates secure transactions between both parties, provides security, and prevents fraudulent activity? This is exactly what Whales Market aims to achieve.
JinseFinanceGrayscale Bitcoin Trust (GBTC) faces outflow challenges amidst diverse investor preferences and record BTC ETF trading volumes.
Huang BoIf you observe carefully, you can find that there are many crypto exchange shops scattered on the streets of Hong Kong.
JinseFinanceHong Kong strengthens OTC crypto trading regulations amid rising interest from mainland Chinese investors. Balancing growth and risk mitigation in the evolving crypto landscape.
Huang BoTthe significance of Over-the-Counter (OTC) trading in the context of Bitcoin ETFs cannot be overstated. As it quietly powers the market giants and takes center stage in the crypto realm, understanding the nuances of OTC trading becomes imperative. Its impact, often hidden from plain sight, is a force driving the evolution of the financial landscape.
Cheng YuanNigeria's SEC approval signals a pivotal moment as NASD plc prepares to launch the N-DSP, offering new opportunities for both investors and the economic landscape. The strategic partnership with Blockstation and the focus on compliance and secure investments position this initiative as a transformative force in Nigeria's financial ecosystem.
SanyaHong Kong, ETF, USDT, Bitcoin ETF, OTC U exchange. I experience the gray area of Web3 in Hong Kong. Golden Finance, web3 is always happening in Hong Kong, and it is also happening around you and me.
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