The U.S. Federal Court has ordered Mirror Trading International CEO, Johann Steynberg, to pay $1.73 billion in restitution and a civil monetary penalty for his Bitcoin Ponzi scheme. The case, labeled the “largest fraudulent scheme involving Bitcoin” by the Commodity Futures Trading Commission, emphasizes the need for regulatory compliance and investor protection in the crypto market to prevent future scams and recover lost funds.
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Debate Booms as BRICS Bloc Explores Single Currency: U.S. Dollar’s Dominance at Stake?
The BRICS bloc, comprising of Brazil, Russia, India, China, and South Africa, is exploring the […]
Bye Bye Dollar? BRICS Nations Aim to Secure Currency Deal by 2023 amid De-dollarization Efforts
The chairman of the State Duma Committee on the Financial Market, Anatoly Aksakov, has announced […]
Mastercard Unveils Crypto Credential: Trusting Blockchain Interactions with a Splash of Web3 Humor
Mastercard, the US payment giant, has recently launched a new Web3 solution called “Mastercard Crypto […]