Crypto phishing scams drained $46M in September

Ireland’s finance minister wants to act quickly before the EU imposes strict Anti-Money Laundering standards.

According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme.

Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.