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Tornado Cash Indictments May Prove to Be Just a Localized Storm After All
30.8.2023
The Tornado Cash indictments could be another tipping point for crypto. How the case plays out could define how the federal government can deal with decentralized trading platforms if they’re seen as broad precedents. But the case may be much more straightforward than initial reactions suggested
Binance Delists Banco de Venezuela From P2P Payment Service: What’s Going On?
29.8.2023
Binance, the largest cryptocurrency exchange has removed Banco de Venezuela as a payment option in its peer-to-peer services in the country.
Although no official statement has been issued by Binance, the move comes on the back of international sanctions from the United States Treasury...
Binance Crypto Exchange Gauges Complete Exit from Russian Market Amid Sanctions
29.8.2023
Binance is reportedly considering a complete withdrawal from the Russian market amid growing Western sanctions on the country.
On Monday, an exchange spokesperson told The Wall Street Journal that Binance is exploring all possible options, including a full exit from Russia.
"All options are...
Binance excludes Banco de Venezuela from P2P payments
29.8.2023
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009
Binance leaving Russian market is 'on the table': Report
28.8.2023
A Binance spokesperson reportedly said the global cryptocurrency exchange was considering all options in regards to Russia, “including a full exit”
OKX and ByBit remove sanctioned Russian banks from payments list
28.8.2023
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on ByBit and OKX
Venezuelan President Nicolas Maduro Calls for De-Dollarization of the Global Economy
28.8.2023
Nicolas Maduro, the president of Venezuela, has called to de-dollarize the global economy due to the difficulties the current system brings to emerging countries affected by U.S. sanctions. In a message directed to the BRICS leaders, Maduro called to establish alternative settlement systems using...
Binance Removes Sanctioned Russian Banks From P2P Platform
28.8.2023
Crypto exchange Binance has dropped Russian banks under sanctions from the payment options on its peer-to-peer (P2P) platform. Russian traders can no longer use cards issued by these banks to make payments while transactions in foreign fiat currencies are also restricted for them. Binance No Longer...
Tornado Cash Co-Founder Roman Storm Released on Bail
26.8.2023
One of the founders of the Tornado Cash crypto mixer, Roman Storm, has been released on bail, his lawyer announced on social media. Storm, who was arrested in the United States, has been charged with money laundering and sanctions violations through the unlicensed platform. Storm Out on Bail After...
Binance Renames Russian Bank Cards Amid US Sanctions Probe, Report
26.8.2023
Crypto exchange Binance has replaced the names of cards issued by Russian banks with colors, Russian media revealed amid reports of a U.S. investigation into potential sanctions violations. The changes concern the ruble exchange feature on Binance’s peer-to-peer platform. Russian Traders on Binance...
Binance P2P removes sanctioned Russian banks from payments list
25.8.2023
The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks
Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards
24.8.2023
Despite the U.S. DOJ investigating Binance for violation of U.S. sanctions with its services in Russia, the firm has continued to promote its platform in the country
Tornado Cash Developers Charged With Money Laundering and Sanctions Violations That Facilitated Over $1 Billion in Illicit Transactions
23.8.2023
Two more developers who worked on Tornado Cash, an Ethereum network-based privacy protocol designed to obfuscate the link between sending and receiving addresses, are being charged by the US Depart of Justice.
Developers Roman Storm and Roman Semenov are both being charged with money laundering...
Tornado Cash co-founders charged with money laundering, sanctions violations
23.8.2023
Roman Semenov was placed on OFAC's sanctioned persons list and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer
Tornado Cash Devs Arrested for Allegedly Helping North Korean Hackers Launder $1B
23.8.2023
Tornado Cash developers Roman Storm and Roman Semenov were arrested and charged with money laundering and sanctions violations tied to their work with the privacy mixer which "facilitated more than $1 billion in money laundering" for North Korea's Lazarus Group
Federal Court Supports Sanctions on Tornado Cash Crypto Mixer Despite User Protest
21.8.2023
A federal court has backed the US Treasury Department’s right to impose sanctions on the cryptocurrency mixer Tornado Cash, dismissing a lawsuit filed by six users....
Read More: Federal Court Supports Sanctions on Tornado Cash Crypto Mixer Despite User Protest
Tornado Cash lawsuit judge sides with US Treasury in motions for summary judgement
17.8.2023
Competing motions for summary judgment saw a federal judge rule the U.S. Treasury with within its authority to declare Tornado Cash a sanctioned entity
Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority
17.8.2023
A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service
Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap
15.8.2023
The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said...
Mbridge Project Has Observers Worried About Advances of the Digital Yuan
15.8.2023
The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping away at the world dominance of the U.S. dollar...