South Korea is one of the places where cryptocurrency is booming. Even so, there are still a few risks associated with the people providing access to this new form of money. Users of the CoinNest exchange should be quite concerned right now, as the company’s CEO was arrested on suspicion of embezzlement and fraud. CoinNest CEO Runs Into Trouble The alleged connection between cryptocurrency and money laundering still needs solid evidence before it can be proven. Even though various regulators around the world tend to claim Bitcoin and altcoins are mainly used for laundering money and fraud, there has been very little evidencePowered by WPeMatico