newsycanuse

Paxful Hit with $4 Million Penalty Over Illegal Transactions and Crimes

million

TLDR Paxful has been sentenced to pay a $4 million fine after pleading guilty to money laundering and prostitution charges. The company processed over $3 billion in crypto trades between 2017 and 2019, including transactions linked to Backpage. The U.S. Department of Justice initially sought a $112 million penalty but reduced it to $4 million […]
The post Paxful Hit with $4 Million Penalty Over Illegal Transactions and Crimes appeared first on Blockonomi…
Read More
Maxwell Mutuma

Latest

Newsletter

Don't miss

newsycanusehttps://newsycanuse.com

Your business texts could look like scam messages from July 1 if you don’t act now

From July 1, any branded SMS your business sends without a registered sender ID will be labelled “Unverified” and grouped with scam messages.  What’s happening: From 1 July 2026, any business or organisation that sends SMS using a branded name, such as “MyShop” or “AcmeServices”, instead of a phone number, must have that sender ID
Read more

Business groups are fighting Labor’s CGT changes. Here is where SMEs stand

Labor’s most contested tax reform in a generation cleared its first formal hurdle on Thursday and immediately ran into organised resistance. Treasurer Jim Chalmers introduced the government’s tax reform legislation to the House of Representatives on 28 May, bundling together four budget measures: the capital gains tax overhaul, new limits on negative gearing, a $250
Read more

Meet the most influential business owners from Southwest Nigeria

This article spotlights the most influential business owners from Southwest Nigeria, adjudged by their dominance in their respective sectors of the economy where they operate. The post Meet the most influential business owners from Southwest Nigeria appeared first on Nairametrics...
Read more