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Russia May Legalize Software Piracy As Tech And Game Companies Continue To Pull Out
10.3.2022
The Russian government is looking to legalize at least some software piracy to help its citizens get around the growing list of tech, gaming, and software bans that the country faces due to its ongoing and destructive invasion of Ukraine. It seems Russian leaders and lawmakers are preparing to live...
FBI director: Russia overestimates its ability to bypass US sanctions using crypto
10.3.2022
Christopher Wray cited the FBI's recent work in seizing large amounts of crypto as evidence there were vulnerabilities in using digital assets to get around sanctions
Republican lawmakers introduce bill targeting China's CBDC on sanctions, privacy
10.3.2022
"This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy
Report: Estonian Prime Minister Calls for Restriction of Cryptocurrencies
10.3.2022
The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment...
EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus
10.3.2022
The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions...
Russian Parliament working group: There should be 'mechanisms to control crypto transactions'
10.3.2022
The working group weighed in on the side of the Finance ministry in a call to regulate, not ban crypto
Sanctions on Russia and Belarus will include crypto — European Commission
9.3.2022
The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network
Why Russian Sanctions Could Push Corporations Towards Crypto
9.3.2022
The sudden disconnection of Russia from the global financial system is a moment for reflection. But economic fragmentation has a cost
Bitcoin still on track to reach $100K by 2023, says Bitbull Capital CEO
9.3.2022
Joe DiPasquale, CEO at Bitbull Capital, discussed the role of Bitcoin in the Ukraine crisis and explained his bullish view on the crypto markets for the upcoming months
EU Clarifies Crypto-Related Sanctions on Russia & Belarus, But Questions Remain
9.3.2022
The European Union has today extended the scope of sanctions on Russia and Belarus, bringing clarifications on cryptoassets into the mix – but as the full legal text is not available yet, these points remain somewhat unclear.
Today, the European Commission said that the member states have...
EU Says Russia, Belarus Sanctions Extend to Crypto
9.3.2022
The European Union (EU) has clarified that sanctions placed on Russia and Belarus extend to crypto assets
Russian Banks Eye CNY Solution as Central Bank Bars Forex Sales; New Sanctions Approved
9.3.2022
The Russian ruble has been thrown into disarray as the nation attempts to battle economic sanctions by effectively suspending the sale of most foreign currencies – while exploring the notion of allowing citizens to purchase China’s fiat yuan.
In a press release from the Central Bank, the...
Senator Warren seizes on fears over crypto and sanctions with new bill
9.3.2022
If passed, Elizabeth Warren’s new draft crypto bill will require local crypto exchanges to submit “detailed records” to the Treasury Department of customers' identities and transfers to private crypto wallets
US Lawmakers Introduce Bill to Sanction Russia’s Gold
9.3.2022
Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By...
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency
9.3.2022
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns...
Senator Warren Drafting Bill to Ensure Crypto Can’t Be Used to Evade Sanctions
8.3.2022
One of the bill’s provisions would make it easier to verify customer identities and transfers to private wallets by enforcing detailed record keeping and reporting, according to NBC News
Thailand Seeks to Offer Russian Tourists Crypto Payment Option Amid Fiat Sanctions
8.3.2022
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one of the options being explored by the tourism industry as Russian citizens now face...
Crypto Still Isn't Helping Russian Oligarchs Evade Sanctions
8.3.2022
We have heard a lot over the last week that crypto is not being used to undermine international sanctions against Russia or breakaway regions of Ukraine, and this week's State of Crypto asks: why on Earth not?
Russia Sanctions Means Countries May Transition to Bitcoin Reserves - Pantera’s CEO
8.3.2022
Both nation-states and private citizens around the world are likely to find it “very appealing” to keep control of their own money in light of the sanctions placed on Russia, and countries could start transitioning to bitcoin (BTC) for foreign reserves, Pantera Capital’s Dan Morehead has argued....
Twitch Withholding Payments For Russian Streamers
8.3.2022
Twitch joins the list of international companies sanctioning Russia over its illegal invasion of Ukraine, telling streamers that it would be withholding payments. “Payouts to the financial institution associated with your Twitch account have been blocked as a result of sanctions,” read an email...