Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim:…

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ParaFi Capital Secures $120M Signaling Increased Confidence in Crypto

ParaFi Capital raises $120M from investors highlighting the increased optimistic approach in the crypto sector. A portion of this capital will be used to acquire General Partner stakes in other crypto funds. ParaFi Capital, a digital asset management firm based in New York, raised $120 million from investors, including Theta Capital Management and Accolade Partners….

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