Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved

Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved


The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country. 158 government officers, including 130 federal policemen, were involved in this operation, effecting search and seizure orders for six cryptocurrency exchanges and four forex institutions.

Operation Colossus Launched to Stop Crypto Money Laundering Operations

On September 22, The Federal Police of Brazil, with the help of the Brazilian tax authority, launched the final stage of Operation Colossus, an investigation with more than four years of history. The organizations executed more than 100 court orders directed at six cryptocurrency exchanges, four forex operators, and arbitrage agents

Trending: Mortgage Rates Near An Astonishing 7%

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend