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Brazil shuts down $500M crypto laundering group
The Brazilian Federal Police seized around R$2.7 billion, or $500 million, linked to a crypto money laundering ring that has been active for five years. As part of “Operation Kryptolaundry,” the ...
Brazil’s regulators have told the country’s largest fintech Nubank that it cannot keep using the “bank” label in its branding inside the country because the company does not have a banking license, ...
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