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Senator Warren Takes Aim at 'Rogue Nations' Using Crypto for Terrorism and Sanction Evasion
15.12.2022
Senator Elizabeth Warren has put forward a bipartisan bill that aims to crack down on money laundering loopholes in the crypto industry.
According to a Wednesday report by CNN, Warren, a Massachusetts Democrat, is teaming up with Republican Senator Roger Marshall of Kansas to introduce the...
US CFTC Commissioner Cites Latest Crypto Sanction in Call for New Rules
1.12.2022
CFTC Commissioner Kristin Johnson is pushing for her agency to work on policies to further tighten custody of customer assets as the CFTC sanctions another crypto Ponzi scheme
Harvard Research Paper Urges Governments and Central Banks to Add Bitcoin to Reserves to Hedge ‘Sanction Risk’
25.11.2022
Central banks in countries that face a risk of being sanctioned by the US could shift their international reserves to include bitcoin (BTC), a new Harvard University research paper has argued.
The research paper based the idea of central bank risk hedging with bitcoin on the fact that many central...
Crypto Exchange Bybit Does Not Plan to Sanction Russian Users Despite MAS Call, Report
6.11.2022
Cryptocurrency exchange Bybit has no intention to introduce restrictions for Russian traders, despite a recent reminder by the Monetary Authority of Singapore (MAS) about the obligations of crypto providers in that respect. According to a crypto media report, the platform shared its position...
Bittrex Crypto Exchange Fined for US Sanction Evasion
12.10.2022
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed a fine of about $24 million on crypto exchange Bittrex which also had to sign a $29 million settlement with the department’s Financial Crimes Enforcement Network (FinCEN). The fines are related to the exchange’s...
US Treasury Clarifies How to Comply With Regulations on Sanctioned Crypto Mixing Service Tornado Cash
17.9.2022
The U.S. Department of the Treasury has answered some questions on regulatory compliance relating to Tornado Cash, a recently sanctioned crypto mixer. The answers include how to withdraw crypto or complete transactions initiated using Tornado Cash prior to its sanction and how to deal with...
Rep. Emmer demands an explanation of OFAC’s Tornado Cash sanction from Sec. Yellen
23.8.2022
The Minnesota Republican highlighted the practical issues that could allegedly arise from the placement of smart contract addresses on the SDN list in a series of pointed questions
Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations
20.8.2022
According to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from...
Stop Attacking DeFi Founders for Complying With the Tornado Cash Sanction
15.8.2022
What Happens When You Try to Sanction a Protocol Like Tornado Cash
10.8.2022
Blacklists, contingency plans and calls to decentralize follow in the wake of the U.S. government’s unprecedented move to criminalize a smart contract
What the Tornado Cash Sanction Means for Privacy Coins
9.8.2022
The U.S. government’s sanction of a key Ethereum application shows the need for privacy tools in crypto, a privacy advocate says
US Treasury Official Warns Crypto Industry to Proactively Sanction 'Problematic' Wallets
19.5.2022
Alessio Evangelista, the associate director for Enforcement at the Financial Crimes Enforcement Network (FinCEN) said “too often” crypto service providers have opted to keep their head in the sand about blatantly suspect wallets “right up until the day of an OFAC designation or criminal indictment.”
Two more charged with teaching North Koreans to evade US sanctions with crypto
27.4.2022
Two EU citizens have been indicted for violating U.S. sanctions on North Korea when they jointly planned a crypto conference there
Ethereum Developer Virgil Griffith Sentenced to 5+ Years in US Prison for Violating North Korean Sanctions
13.4.2022
An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Korea. According to the U.S. Department of Justice (DOJ), his presentation provided the Kim Jong...
Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework
24.3.2022
The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on Thursday. BOE Stresses Crypto Assets Need Effective Public Policy Frameworks On Thursday, the Bank...
Elliptic Identifies ‘Several Hundred Thousand Crypto Addresses’ Tied to Russia-Based Sanctioned Actors
17.3.2022
As the Russia-Ukraine conflict continues, blockchain surveillance companies have discussed and implemented ways to combat sanctioned countries from using digital assets. Last week, Chainalysis revealed screening tools for crypto firms that aim to comply with international sanctions. On Monday,...
As New Crypto Sanction Screening Tool Launched, Tornado Cash Keeps Mixing and FBI Chimes In
11.3.2022
As the West is trying close all crypto loopholes that help evade sanctions against the aggressor state, Russia, and its ally, Belarus, Chainalysis is rolling out a sanctions screening tool, while crypto mixer Tornado Cash said they are powerless to or don't need to comply with Washington’s...
Report: Estonian Prime Minister Calls for Restriction of Cryptocurrencies
10.3.2022
The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment...
US Lawmakers Introduce Bill to Sanction Russia’s Gold
9.3.2022
Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By...
Crypto Can Better Deter Sanction Evasion Compared to TradFi - Coinbase
7.3.2022
Crypto's transparent nature makes it a terrible choice for those who want to evade sanctions, said Paul Grewal, Chief Legal Officer (CLO) of major crypto exchange Coinbase.
Following Russia's invasion of Ukraine, the US and its allies imposed an extensive round of sanctions on a number...