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UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’
13.3.2022
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating...
DOJ Task Force ‘KleptoCapture’ to Target Crypto Exchanges in Sanctions Evasion Crackdown
13.3.2022
A new task force set up by the U.S. Department of Justice (DOJ), KleptoCapture, will also target cryptocurrency exchanges. Financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money “will be in the crosshairs of this...
Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion
11.3.2022
Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine....
White House, G7 Announce New Guidance Is Coming on Crypto Sanctions Evasion
11.3.2022
White House and Treasury officials have said there is little concern that crypto will be used to evade sanctions against Russia but are announcing guidance to ensure this
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency
9.3.2022
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns...
Washington, Europe Vow to Target Russian Crypto Sanctions Evasion Efforts
3.3.2022
The next round of sanctions against Russia and wealthy individuals based in the country could target crypto and crypto exchanges, with Washington already taking aim at those hoping to secure their funds by making bitcoin (BTC) and altcoin buys....
Read More: Washington, Europe Vow to Target...
Lawmakers Raise Alarm on Crypto for Sanctions Evasion as Experts Cast Doubt
2.3.2022
U.S. Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Mark Warner (D-Va.) and Jack Reed (D-R.I.) and New York Governor Kathy Hochul addressed this concern in separate public statements Wednesday. The senators asked Treasury Secretary Janet Yellen what steps her department would take...
Blockchain Bites: China’s Commitment, Sanctions Evasion, and a Look at Bitcoin’s Core
7.4.2020
Dial-up daydreams, Zoom alternatives, and how blockchain is lending a helping hand during the coronavirus crisis
Cryptocurrency Sanctions Evasion ‘Already Happening’
30.7.2019
A financial expert believes cryptocurrencies are already playing a role in Iran and Russia’s fight against economic sanctions – and says the states’ government may turn to miners for further assistance.
Per a report from Russian media outlet 360, Alex de Vries, Senior Consultant and Blockchain...