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For the crypto industry, supporting sanctions is an opportunity to rebrand
8.5.2022
Failure to align with the wider financial services industry by enforcing sanctions against Russia will come at a high cost for the crypto sector
US Treasury Sanctions First Crypto Mixer
8.5.2022
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury...
Moody’s: Cryptocurrencies Unlikely to Help Russia Evade Sanctions
7.5.2022
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor preventing Russians from exploiting the utility...
US Officials Add North Korea-Linked Bitcoin Mixer, More ETH Addresses to Sanctions List
6.5.2022
Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions
5.5.2022
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt...
Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions
3.5.2022
On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto usage is due to the fact that Cubans cannot use certain payment vehicles due to the sanctions...
Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency
3.5.2022
The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine. Bills Preventing Wealthy Russians From Using...
World Bank Predicts 3% Gold Price Growth, Expert Says a $3K per Ounce ‘Is More Likely Than Not’
30.4.2022
The World Bank has said it expects the price of gold to rise by 3% in 2022 but warned the price might fall sharply if the Russian central bank decides to offload large quantities of the commodity. The Russian Factor After the price of gold surged past the $2,000 mark in early March, a new […]
Binance Blocks Accounts Linked to Relatives of Senior Russian Officials
30.4.2022
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals. Crypto...
Binance Bans These Kremlin-Linked Users as Russia Keeps Killing Ukrainians and Sanctions Mount
29.4.2022
Major crypto exchange Binance has decided to shut down a number of accounts linked to relatives of senior Russian decision-makers in response to the intensifying Western sanctions on the country triggered by its invasion of Ukraine....
Read More: Binance Bans These Kremlin-Linked Users as Russia...
Binance blocks crypto accounts of relatives tied to the Russian government
29.4.2022
Binance blocked the account of the Kremlin spokesman's daughter when she tried to use the exchange following the economic sanctions imposed upon Russia
How Western Sanctions on Russia Could Make Crypto an International Reserve Currency
28.4.2022
If oil and gas are one day denominated in cryptocurrency, we’re likely to see other industries start pegging their goods and services to crypto
Former Chinese Central Bank Governor: US Dollar Will Remain Global Reserve Currency, Says It ‘Has Great Inertia’
27.4.2022
In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the greenback will remain in its position as the global reserve currency. Xiaochuan said the dollar still...
Cuban central bank makes it official: VASP licensing coming in May
27.4.2022
The Gazette further determines that this decision will enter into force 20 days after its publication, which is May 16
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
US Charges Ethereum Dev’s Conspirators Allegedly Helping North Korea Evade Sanctions Using Crypto
26.4.2022
Two European citizens have been charged for conspiring with Ethereum developer Virgil Griffith to help North Korea evade U.S. sanctions using cryptocurrency, the Department of Justice (DOJ) announced. They conspired “to teach and advise members of the North Korean government on cutting-edge...
Report: Afghans Use Crypto to Curb Taliban’s Influence on Their Financial Well-Being
26.4.2022
Afghan residents are reportedly acquiring digital assets that they use to preserve their savings and to diminish the ruling Taliban’s ability to affect their financial well-being. Since the militant group seized control, the value of crypto transactions per week has in some cases doubled,...
Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26
25.4.2022
The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails
2 Europeans Charged With Conspiracy in Virgil Griffith North Korea Crypto Sanctions Case
25.4.2022
American Bitcoin Miner Aims to Sell USD 30M Equipment in Russia to Avoid Sanctions
25.4.2022
US-based Bitcoin (BTC) & crypto mining company Compass Mining aims to sell USD 30m worth of mining gear currently stuck in Siberia to buyers in Russia in a bid to avoid possible sanctions by the US and the EU.
Whit Gibbs, CEO of the Texas-based company, has told Bloomberg that the mining...