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‘Big Holes’ Undermine Russia Sanctions – And It's Not Crypto (Psst! It's Traditional Politics & Finance)
24.3.2022
An opinion columnist writing for Bloomberg has identified two flaws that “fundamentally undermine” the United States and EU-led “sanctions regime” against Russia – and neither have anything to do with the use of crypto.
Since the start of the conflict in Ukraine, senior lawmakers in the USA...
Crypto trading in rubles falls even as ECB warns again on sanctions
24.3.2022
A statement from ECB President Christine Lagarde labeling cryptocurrency a “threat” to global security seems at odds with the real world data and expert opinion
ECB Chief: Cryptocurrencies Are ‘Certainly’ Being Used to Circumvent Russian Sanctions
23.3.2022
The European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions...
UK Regulator Issues Crypto Ads Notice to 50 Firms — Says ‘This Is a Red Alert Priority’
23.3.2022
The U.K.’s advertising authority has sent an enforcement notice to more than 50 companies that advertise cryptocurrencies. “We will monitor for compliance and implement sanctions if we do not see improvements,” said the regulator. British Advertising Regulator’s...
Will Belarus Lure Crypto Miners Amid Sanctions, Russia-Ukraine War?
21.3.2022
Despite favorable business conditions, a country’s political environment can deter international capital
US Treasury Official: We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions
20.3.2022
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasury official noted. Treasury Department’s View...
Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia
20.3.2022
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation of the Russian fiat may be employed to evade sanctions that have been isolating...
Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions
19.3.2022
Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop of restrictions on currency operations amid western sanctions....
US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional
19.3.2022
U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge...
Bank of Russia Allows Sberbank to Issue Digital Financial Assets
18.3.2022
Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukraine, including limiting Moscow’s access to the global financial market....
Central Bank of Russia tightens P2P transactions monitoring, including those in crypto
18.3.2022
The regulator’s recommendation is designed to prevent capital flight amid economic collapse
Young Russians View Crypto as Safe Investment Amid Economic Uncertainty, Poll Finds
18.3.2022
As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share of Russian citizens who know about bitcoin has reached two thirds...
US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets
17.3.2022
Brad Sherman said the Biden administration should have the ability to tell crypto exchanges not to do "business with Russia-based crypto wallets" amid the situation with Ukraine
Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal
17.3.2022
The entity had previously called for the government to ban cryptocurrencies in Russia
US lawmakers discuss crypto’s role in sanctions, national security, and humanitarian aid
17.3.2022
“Overattributing cybercrime to cryptocurrency misses critical causes and preventive measures which can be taken,” said former FinCEN acting director Michael Mosier
How blockchain intelligence can prevent Russia from evading sanctions
17.3.2022
Head of International Policy at Chainalysis explains why crypto is not a silver bullet for evading international sanctions
Senator Elizabeth Warren Announces Sanctions Compliance Bill for Crypto Companies
17.3.2022
The Digital Assets Sanctions Compliance Enhancement Act "would authorize the President to sanction foreign cryptocurrency firms that are doing business with sanctioned Russian entities," the Massachusetts lawmaker said
Crypto Assets Can Help Russia Return to Global Financial Market, Lawmaker Says
17.3.2022
Digital financial assets like cryptocurrencies can help Russia to reach the global financial market despite western sanctions, a lawmaker working on crypto regulations has stated. The official believes the country is capable of setting up domestic crypto exchanges and should support mining. Russia...
Russia’s Central Bank Goes to War. Is Cryptocurrency a Friend or Foe?
17.3.2022
Policymakers in Moscow are scrambling to rethink their approach to digital currency as one of several means of protecting the increasingly isolated economy
Crypto Exchanges Facing 'Fork in the Road' Over Russia Sanctions - London Stock Exchange Group CEO
17.3.2022
Amid the West’s intensifying efforts to punish Russia’s authorities for their invasion of Ukraine, crypto exchanges are facing long-term damage to their industry if they decide to remain active in the Russian market, according to David Schwimmer, CEO of the London Stock Exchange Group....
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