OTC crypto brokers seized by Ukraine
As we all know which is not a new thing for us for sometimes now we have been saying or hearing worldwide the war between Russia and Ukraine and now I'm checking out some news I found out that this war has been affecting so many things in common because the Ukraine don't want to have anything to do with the Russia and vice-versa due to the war. What does this OTC means, this is over the counter and now I saw that the OTC crypto brokers assets have been siezed by the Ukrainian for working with the Russian.
Source
The prosecutor seize the OTC broker assets because of the illegal facilitation of crpyto purchase fo users from Russia , also the client of those dealer happens to be able to convert some cash into cryptocurrency and now the big part of it was that they don't pay taxes. But the investigation is still on going because they are yet to get some basic fact about the trade. The war between the Russian and Ukrainian have been on for a while now and this case of seizing the asset of OTC crpyto broker is yet to be fully attack.
Source
They are yet to confirm if the trade between both parties happened before the war between Ukraine and Russia or maybe after the war. The prosecutor has made it known that the asset worth over $3.1 billion, that's really a huge amount if I will say, the oval police are still trying to investigate fraud, money laundering. I guess this must have not been the first time such case will happen if I am right because a similar case has also happens last year but not up to this amount.
