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US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
8.11.2022
The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities."
US Treasury Adds to Tornado Cash Sanctions
8.11.2022
The U.S. Treasury Department re-added Tornado Cash to its sanctions list on Tuesday, alleging North Korean hackers used it to launder over $100 million worth of crypto from the Harmony Bridge and Nomad hacks over the summer
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...
Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says
3.11.2022
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital...
EU crypto sanctions against Russia has an unexpected enforcer
31.10.2022
The Monetary Authority of Singapore says crypto exchanges in the country must comply with financial sanctions against Russia
New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament
29.10.2022
A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well....
Binance still serving Russians while seeking clarity on EU crypto sanctions
28.10.2022
There is a challenge of not overdoing EU sanctions against Russia, according to Binance head of sanctions Chagri Poyraz
Bitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’
21.10.2022
Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market. $1.4 Billion...
Russian Regulator: Crypto Sanctions Are a Form of Digital Fascism
21.10.2022
One of Russia’s top regulators thinks that the crypto-related sanctions that have been imposed on the country and its citizens are a type of “digital fascism.”...
Read More: Russian Regulator: Crypto Sanctions Are a Form of Digital Fascism
US Charges Russians, Venezuelans for Sanctions Evasion Using Cryptocurrency
20.10.2022
A group of Russian and Venezuelan nationals have been charged by U.S. authorities for their roles in a scheme to circumvent Western sanctions and launder money on a global scale. They have been accused of obtaining military technologies from American companies, smuggling oil, and disguising money...
Kraken crypto exchange is next to close doors to Russian users
20.10.2022
Former Kraken CEO Jesse Powell previously warned crypto investors about the risks of holding crypto on a centralized exchange
Russian users are welcomed by crypto exchanges in Kazakhstan, but there’s a catch
20.10.2022
Non-sanctioned foreigners are “more than welcome” at Intebix, but they need to set up a local bank card for crypto-to-fiat transactions, the CEO said
US Alleges 5 Russian Nationals Used Crypto as Part of Sanctions Evasion, Smuggling Scheme
19.10.2022
Federal prosecutors alleged that five Russian nationals laundered "millions of dollars" worth of unnamed cryptocurrency as part of a scheme to smuggle military technology and oil
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
19.10.2022
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto...
What new EU sanctions mean for crypto exchanges and their Russian client
17.10.2022
Despite many popular exchanges curtailing their operations within Russia, many platforms continue to service the region as usual
Localbitcoins, Crypto.com, Other Providers Suspend Services for Russians Under EU Rules
16.10.2022
Complying with the latest EU sanctions targeting Russia, well-known cryptocurrency platforms like Localbitcoins, Blockchain.com, and Crypto.com have started to restrict or terminate services for Russian accounts. The moves follow the adoption of new European penalties in response to Moscow’s...
War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports
15.10.2022
The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern...
Russian Journalists, Activists Kicked Off Crypto Exchanges Due to EU Sanctions
14.10.2022
The European Commission last week boosted restrictions on providing financial services to Russians
Blockchain.com closes crypto custody for Russians amid EU sanctions
14.10.2022
Blockchain.com will soon shut down accounts of Russian nationals, while companies like Binance are also working to apply the new EU sanctions
Coin Center Sues Janet Yellen Over Tornado Cash Sanctions
13.10.2022
The crypto think tank Coin Center has sued US Treasury Secretary Janet Yellen over sanctions imposed on the coin mixer Tornado Cash, saying the service has legitimate use cases.
In the lawsuit, filed in Florida on Wednesday this week, Coin Center said Tornado Cash is “an open-source software tool...