Black-market money changers are expected to return in Argentina following the government’s recent rollout of currency controls in an attempt to quell the demand for foreign currency, the Financial Times reported on Sunday (Sept. 8). “We’ve seen this all before,” a money changer told FT....
In the case of a no-deal Brexit, an “explosion” in grey market goods could occur per a U.K. retail expert. The term “grey market” references legitimate items sold through legal but unauthorized sellers; by contrast, a “black market” describes counterfeit products or illegally traded scarce...
The black market took a hit when, in July, law enforcement took down two of the biggest dark web marketplaces, AlphaBay and Hansa Market. AlphaBay went down first, with Hansa not far behind – authorities had apparently been operating Hansa since June, and used the influx...
Alexander Vinnik, the 38-year-old Russian man behind the bitcoin exchange BTC-e, has been arrested and indicted. Reuters reported news that a U.S. jury made the decision on Wednesday (July 26). As PYMNTS previously reported, a U.S. Justice Department investigation led to Vinnik’s arrest in a small...
December 27, 2019
Italy, which has one of the lowest rates of credit card use in Europe, may start to see that change soon as the government will give bonuses to those who use electronic payment services over cash. The government put aside $3 billion to finance the bonuses for the next fiscal year, according to The Financial […]
September 09, 2019
Black-market money changers are expected to return in Argentina following the government’s recent rollout of currency controls in an attempt to quell the demand for foreign currency, the Financial Times...
August 21, 2019
In the case of a no-deal Brexit, an “explosion” in grey market goods could occur per a U.K. retail expert. The term “grey market” references legitimate items sold through legal...
July 28, 2017
Alexander Vinnik, the 38-year-old Russian man behind the bitcoin exchange BTC-e, has been arrested and indicted. Reuters reported news that a U.S. jury made the decision on Wednesday (July 26). As...
