A company operating from Myanmar stands implicated in a large-scale fraudulent scheme.
Authorities tracked ransom payments made in Tether tokens to a facility...
The relationship between cryptocurrency and the law becomes even more pronounced because no intermediary or authority has exclusive jurisdiction to settle cryptocurrency-related disputes. For instance, in a conventional financial transaction, if a party claims theft of their account credentials and fraudulent transfer of money from their account, their financial institution (such as a bank) can intervene and help resolve the matter.
However, suppose a parallel situation occurs on a blockchain platform. In that case, no mechanism is in place for settling such a dispute because cryptocurrency is decentralized and has no financial institutions that act as intermediaries. Accordingly, victims of cryptocurrency theft will likely have no legal avenue to compensate for their losses.
According to Chainanalysis, the Middle East North Africa (MENA) region is among the fastest-growing crypto market within the crypto ecosystem
There is the...
The volatility highlighted by the recent crypto slump has had real-world effects, and the lessons gained serve as a reminder of why investors should...
The popularity of cryptocurrencies in Sub-Saharan Africa, especially among the youth, cannot be underestimated.
According to Chainalysis, the region's cryptocurrency use increased 1,200% last year,...
