What Can Crypto-Friendly SMEs Learn from PGI Global’s Conviction?
The conviction of PGI Global’s CEO in a massive Ponzi scheme has raised critical questions for crypto-friendly small and medium enterprises (SMEs). What lessons can they learn from this?
What Went Wrong for PGI Global?
PGI Global was found to have promised its investors guaranteed returns and failed to maintain adequate accounting records, which is crucial for transparency. When the UK High Court shut them down, it exposed a lot of underlying issues. What can be the implications of this for other companies?
Why is Transparency Important in Crypto?
Transparency around business actions and compliance with local regulations is essential. As the PGI case shows, those who don’t may find themselves facing the consequences. What should SMEs do…
