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Elliptic Identifies ‘Several Hundred Thousand Crypto Addresses’ Tied to Russia-Based Sanctioned Actors
17.3.2022
As the Russia-Ukraine conflict continues, blockchain surveillance companies have discussed and implemented ways to combat sanctioned countries from using digital assets. Last week, Chainalysis revealed screening tools for crypto firms that aim to comply with international sanctions. On Monday,...
Russian Crypto Miners Brace for Sanctions Fallout Amid Ukraine Conflict
16.3.2022
The ruble’s fall has made mining more profitable in Russia for now, but parts and shipping costs are set to rise
Russia Sanctions May Lead More Countries To Consider CBDCs, Ex-Central Banker Says
16.3.2022
Sanctions imposed on Russia as a result of its war in Ukraine could lead more countries to consider digital versions of their own currencies – known as central bank digital currencies (CBDCs) – as a counterweight to the dominant role of the US dollar, a former Bank of Japan (BOJ) executive...
Elliptic Claims Breakthrough in Search for Russsian Crypto Sanctions Evaders
16.3.2022
“Crypto forensics firms” such as Elliptic and Chainalysis appear to be making a name for themselves in the international media – with their blockchain analysis tools allowing them to allegedly make key advances in Western governments’ search for crypto-using Russian sanction evaders....
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Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison
15.3.2022
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry...
Blockchain forensics firm finds millions in sanctioned crypto wallet
15.3.2022
Elliptic has discovered a dubious crypto wallet with “significant crypto-asset holdings” in the millions of dollars
Here’s how Asian countries deal with crypto sanctions against Russia
14.3.2022
Global regulators continue asking crypto exchanges to comply with sanctions against Russia as the country itself has no legal crypto trading platforms
Law Decoded: Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14.
14.3.2022
The long-anticipated presidential directive drops, EU votes on PoW ban, South Korea gets a pro-crypto president
Japan Lays Outs Penalties on Crypto Exchanges for Non-Compliance With Russia Sanctions: Report
14.3.2022
Japan's government and financial regulator have laid out the penalties crypto exchanges could face if they fail to comply with sanctions on Russia
Report: Sudan Rejects Russian Illicit Gold Smuggling Allegations
14.3.2022
Sudan has denied claims Russian entities have smuggled hundreds of tonnes of illicit gold from its territory. Officials have called the allegations fake news and suggested that Sudan is in fact looking to revive its economy through gold mining. The Rise in Russia’s Gold Holdings The Sudanese...
Two years since the Covid crash: 5 things to know in Bitcoin this week
14.3.2022
It's been two years since BTC/USD crashed to $3,600, and it is trading over ten times higher — but clouds, as ever, are looming large
G7 Countries: We Will Ensure Russia Cannot Use Crypto Assets to Evade Sanctions
14.3.2022
The Group of Seven (G7) countries issued a joint statement stating that they “will ensure that the Russian state and elites, proxies and oligarchs cannot leverage digital assets as a means of evading or offsetting the impact of international sanctions.” Meanwhile, the U.S. Treasury...
Privacy Crypto Assets XMR, ZEC See Double-Digit Gains Amid Tightened Global Economy
13.3.2022
Over the last week, the United States and president Joe Biden’s administration tightened sanctions against Russia a great deal. The U.S. banned Russian energy imports, a number of other types of imported goods, and a series of harsh financial sanctions against Russia. In the midst of...
Deutsche Bank to Exit Russia, Says There Will Be No New Business There
13.3.2022
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted....
US Banking Giants Goldman Sachs and JPMorgan Wind Down Business in Russia
13.3.2022
Global investment banks Goldman Sachs and JPMorgan Chase are winding down business in the Russian Federation. The move comes as western sanctions against Moscow over its decision to launch a military invasion of Ukraine continue to expand, supported by leading financial institutions. Goldman Sachs...
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...
Russia and Belarus face crypto sanctions, Crypto.com hounds users for loan payments and Biden signs executive order on crypto: Hodler’s Digest, March 6-12
12.3.2022
Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry
12.3.2022
Estonia is preparing to enforce a set of new anti-money laundering rules that will stiffen requirements for crypto companies operating under Estonian license. The changes come amid concerns that Russia may use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s...
Ally or suspect? The war in Ukraine as a stress test for the crypto industry
12.3.2022
Crypto execs signal their readiness to comply with sanctions, but decentralization itself puts crypto in a vulnerable position