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Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says
6.2.2022
Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned nation has also been developing its nuclear and missile programs. North Korea Hits Cryptocurrency Exchanges...
Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says
23.1.2022
Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining...
Venezuelan Vice Minister Tells Investors to Pay in Crypto to Dodge Sanctions
21.1.2022
A Venezuelan minister has been singing the praises of crypto – and suggesting that the government, which amassed a large bitcoin (BTC) and ethereum (ETH) “stash,” plans to attract international and domestic investors by convincing them to use cryptoassets....
Read More: Venezuelan Vice Minister...
Cryptocurrency Bill Advances to Chamber of Deputies in Paraguay
20.12.2021
A cryptocurrency bill introduced in July to the Senate of Paraguay has been approved. The text, which defines several important concepts including virtual assets, and establishes the need for licenses to mine cryptocurrencies, will now advance to the Deputy Chamber to be discussed. Paraguay Could...
US ‘Could Hit El Salvador’s Chivo Bitcoin Wallet with Sanctions,’ Claims NGO
13.12.2021
The United States could impose sanctions on El Salvador’s Chivo bitcoin (BTC) wallet, the human rights organization Cristosal has speculated.
Tensions between Washington and San Salvador are continuing to deteriorate with relations between the American President Joe Biden and the El Salvador...
Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions
10.12.2021
Gitcoin, an organization that helps fund open source projects around the Ethereum blockchain, has deactivated a grant due to it being directed to individuals from a sanctioned country. The grant, called “Free Smart Contract Development Course for Farsi Speaking Communities,”...
The Taliban will never understand crypto, according to founder of LEARN Afghanistan
2.12.2021
Pashtana Durrani described the Taliban as "people who were fighting in rural and very mountainous regions" who don't have the proper background for modern financial literacy
New Crypto and Blockchain Association Launches in Iran
1.12.2021
A recently established crypto industry association in Iran has commenced activities under the country’s chamber of commerce. Its management hopes to help remove obstacles challenging its members while facilitating the implementation of blockchain technology in the sanctioned nation’s...
Crypto's impact on sanctions: Are regulators' concerns justified?
30.11.2021
Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption
Digital currencies won’t impact US sanctions, Treasury exec says
19.11.2021
Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said
US Treasury Sanctions 2nd Cryptocurrency Exchange, DOJ Seizes $6.1 Million
9.11.2021
The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange...
US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list
8.11.2021
“This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation's resilience to cyber threats," said Attorney General Merrick Garland
Treasury official acknowledges most crypto transactions are 'legitimate' but still anticipates additional sanctions
21.10.2021
“The vast majority of digital assets are being used for legitimate purposes, but for those that are primarily in the business of furthering criminal enterprises, we plan to use our tools to go after them,” said Wally Adeyemo
Sanctioned Russian oligarch urges central bank to embrace Bitcoin
21.10.2021
The U.S. Treasury asked cryptocurrency companies to ensure compliance with sanctions last week
Treasury Says Crypto Reduces Efficacy of US Sanctions, Seeks More Funding
20.10.2021
The U.S. Department of the Treasury says that the growing use of crypto assets challenges the efficacy of American sanctions. “We are mindful of the risk that, if left unchecked, these digital assets and payments systems could harm the efficacy of our sanctions,” the Treasury...
Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
20.10.2021
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially replace the greenback in currency reserves and trade settlements with other currencies and even...
Russia aims to replace US dollar reserves with digital assets in long term
19.10.2021
Last week, the Russian president said it was “a bit early” to use cryptocurrencies to settle oil trades
Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value
16.10.2021
Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian...
Belarus Chemicals Giant Explores ‘Making Payments in Crypto’ as Sanctions Bite
1.10.2021
orks and banks.But, per an article on its website, Grodno-Azot explained that Dmitry Goroshko, its Director-General for Econom
ETH developer pleads guilty for conspiracy to violate sanctions laws
27.9.2021
The plea deal ends a nearly two-year legal battle between Griffith and U.S. prosecutors tied to a presentation the developer gave in Pyongyang