Freeway Halts Crypto Withdrawals, Erases Execs
The UK-based cryptocurrency platform Freeway, which gave users up to 43% returns through so-called “Supercharger simulations,” has been called a “$100m+ rug” after it stopped all withdrawals and took off its website information about its executives. The website says that the assets of these Supercharger simulations are worth more than $161 million. Freeway users buy […]
The Philippines central bank warns against transacting with foreign exchanges
The Central Bank of the Philippines issued a warning to the populace, advising them against conducting any business with unregistered or foreign crypto exchanges. Although the announcement itself doesn’t sound ominous, when considered in the context of related occurrences, it turns In the Philippines, pressure on cryptocurrencies is rapidly increasing. a country of 112 million […]
Illegal crypto transactions on the rise in South Korea as efforts to tighten rules are intensifying
The usage of cryptocurrency in illegal foreign exchange operations has increased dramatically in South Korea. The use of cryptocurrency in illegal foreign transaction began following the start of Covid-19, local reports imply that 2021 numbers will surpass those of the previous year. Between January and August of this year, virtual asset exchange was predicted to […]