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    El Paso Man Fined $31M for Forex and Crypto Fraud

    El Paso Man Fined $31M for Forex and Crypto Fraud

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    A federal court has ordered Abner Alejandro Tinoco and his company, Kikit & Mess Investments LLC, to pay over $31 million for forex and cryptocurrency fraud. The order includes $6.2 million in restitution, $6.3 million in disgorgement, and an $18.8 million civil...
    Worldcoin Gets Hit With $200,000 Fine in Buenos Aires

    Worldcoin Gets Hit With $200,000 Fine in Buenos Aires

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    Worldcoin, the biometric, iris-based ID and universal basic income (UBI) project, has been sanctioned with fines for over $200,000 in the Buenos Aires province. The fines answer to several violations of the National Consumer Defense Law, such as the inclusion of...
    FINMA Warns Stablecoins Threaten Swiss Financial Reputation

    FINMA Warns Stablecoins Threaten Swiss Financial Reputation

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    The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss...
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