By Kapil Rajyaguru
Binance Says It Helped India’s ED Trace $47.6 mn Gaming Scam
Binance, the world’s largest cryptocurrency exchange by trading volumes, has helped India’s Enforcement Directorate (ED), the authority investigating financial crimes, arrest four individuals in a gaming scam worth $47.6 million.
The fraud is related to the Fiewin gaming app in which victims were lured into online betting and gaming, promising easy earnings before trapping their funds.
Alameda’s former CEO, Caroline Ellison Sentenced For 2 Years, To Forfeit $11 bn.
Former Alameda Research CEO, Caroline Ellison has been sentenced to serve for 24 months (two years) in prison by a U.S. federal judge on Tuesday. Ellison, who is 29, was the girlfriend of crypto company, FTX’s founder and CEO, Sam Bankman-Fried.
According to the sentence, Ellison will also forfeit about $11 billion. She could serve the sentence at a minimum-security facility near Boston, where her family lives. She will also spend three years on supervised release after she serves her term.
Societe Generale-Forge Partners with Bitpanda For Euro Stablecoin Ahead of MiCA.
Global banking conglomerate Societe Generale has partnered with Bitpanda, to grow crypto and stablecoins into a key component of the global financial system.
Bitpanda will work with the banking conglomerate’s blockchain subsidiary, Societe Generale-FORGE, to advance the mainstream adoption of its euro-denominated stablecoin EUR CoinVertible (EURCV).
Turkey Halts Plans For New Taxes On Stocks And Crypto Investments.
Turkey has decided not to introduce any new taxes on profits from stock trading and cryptocurrency investments this year.
This comes after initial plans to tax stock market profits faced backlash earlier this year, as the stock market has been a popular option for many Turkish investors trying to hedge against inflation.
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