Wealthiest US prisoner: How did Binance founder CZ get there?
Binance founder and former CEO Changpeng CZ Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.
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Binance founder and former CEO Changpeng CZ Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.
He served four months in federal prison for charges including alleged violations of United States Anti-Money Laundering rules.
Swedish authorities label certain cryptocurrency exchanges as key enablers of organized crime, highlighting four distinct money-laundering profiles.
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
The crypto-friendly banks activities during the 2023 banking crisis will also be examined.
The Hong Kong Monetary Authority has fined WeChat Pay Hong Kong Limited HK$875,000 for contravening anti-money laundering regulations. (Read More)
While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.
The companies will combine their strengths to provide enhanced virtual asset service providers screening ability.
Artur Schaback, one of the co-founders of crypto exchange Paxful, has agreed to a plea deal with U.S. prosecutors that could see him locked up for five years.
Taiwans second-largest telecom has found a way into the crypto market, bring resources and experience with it.
New EU regulations mandate crypto exchanges to comply with Travel Rule guidelines, enhancing AML/CFT measures starting Dec. 30.
HKMA has imposed a HK$10 million penalty on DBS Bank (Hong Kong) for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. (Read More)
As stablecoins continue to gain traction globally, regulatory initiatives such as FINMAs guidance are likely to influence policies in other jurisdictions.
AUSTRAC's latest report highlights a rise in criminal use of cryptocurrencies, urging stricter regulations and international cooperation to combat money laundering.
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks.
While exempt from the Money Transmitter License requirement, crypto firms in Hawaii must still comply with any federal licensing laws.
The Washington DC-based blockchain advocacy group argued the IRS' broker rule provisions violate the Paperwork Reduction Act.
Pro-democracy activists, such as those in Nicaragua, are facing financial repression at the hands of the countrys autocratic leadership. Bitcoin is a tool to help circumvent this repression.
Singapore said digital payment token service providers, also known as virtual asset service providers, stand out as a high-risk category within the financial sector.
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