Remittance

According to reports, the Financial Crimes Department of the Prosecutor’s Office of the South District of Seoul found that Do Kwon, CEO and founder of Terraform Labs, remitted $4.5 million to a South Korean law firm in July and August 2022. The source also stated that Do Kwon continued to remit money to the law firm after traveling to Serbia from Dubai in September 2022. Interpretation of this information: The recent news about Do Kwon, CEO and founder of Terraform Labs, remitting $4.5 million to a South Korean law firm…

According to reports, the Nigerian financial technology giant Flutterwave has announced that it has obtained two additional licenses in Rwanda, which will help it expand its business in East Africa. These licenses, known as electronic currency issuers and remittance licenses, are issued by the National Bank of Rwanda. Interpretation of this information: Flutterwave, the leading financial technology company in Nigeria, has recently announced acquiring two additional licenses in Rwanda for electronic currency issuance and remittance. The licenses were issued by the National Bank of Rwanda, which will enable Flutterwave to…