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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.”...
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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...
Crypto Exchanges Still Available to Russians Despite Latest EU Sanctions, Report Unveils
13.10.2022
A list of crypto exchanges, including global platforms, have not introduced new restrictions on Russian users after the EU’s most recent sanctions round, Russian crypto media reported. The latest European penalties target an array of crypto-related services to increase pressure on Russia amid...
Coin Center files lawsuit against US Treasury over Tornado Cash sanctions
12.10.2022
The advocacy group alleged OFAC “exceeded their statutory authority” in sanctioning Tornado Cash because the mixer was a “privacy tool beyond the control of anyone.”
Crypto Think Tank Coin Center Sues US Treasury Over Tornado Cash Sanctions
12.10.2022
Coin Center is backing a second lawsuit against the U.S. Treasury Department alleging its sanctioning of Tornado Cash overstepped legal bounds
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator
12.10.2022
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrency exchange Bittrex. The crypto exchange was accused of sanctions violations and failure...
US Treasury’s OFAC and FinCEN announce $29M in enforcement actions again Bittrex
11.10.2022
Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”
Crypto Exchange Bittrex to Pay $30M in US Treasury Sanctions Settlement
11.10.2022
Crypto exchange Bittrex will pay the U.S. Treasury Department’s sanctions and money laundering watchdogs $30 million to settle allegations it maintained a poor compliance program between 2014 and 2017, allowing individuals from sanctioned jurisdictions to trade on the platform
Russian Companies Are Using Crypto in Trade Despite Lack of Regulation, Officials Admit
10.10.2022
With limited access to global finances, Russian businesses have begun settling in cryptocurrency with their partners abroad. Although these are still small-scale payments, government officials have noted their increase, which comes even before authorities have decided how to regulate these...
Dapper Labs Suspends NFT Operations for Russian Users Amid New EU Sanctions
10.10.2022
Canadian company Dapper Labs has blocked operations with non-fungible tokens (NFTs) for Russian accounts. The move follows a new round of sanctions recently imposed by the EU which prohibit the provision of crypto-related services to Russian residents and entities. NFT Platform Dapper Labs Conforms...