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US Sanctions Russian Crypto Mining Host Bitriver
20.4.2022
The U.S. government added Russian crypto mining company Bitriver on Wednesday as part of its ongoing effort to blockade Russian firms from accessing the global financial network in the wake of Russia's invasion of Ukraine
Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says
20.4.2022
Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the...
US Lawmaker Urges Biden Administration to Develop ‘Robust Strategy’ to Prevent Crypto Use to Evade Sanctions
20.4.2022
A U.S. lawmaker has urged the Biden administration to develop a “robust strategy” to prevent cryptocurrency from being used to evade sanctions. “Emerging technologies like cryptocurrency offer many positive applications like humanitarian relief, but the administration has...
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
19.4.2022
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia...
Crypto firm Exmo exits Russia and Belarus by selling part of its business
18.4.2022
Russia-linked crypto exchange Exmo will no longer provide services to users from Russia, Belarus and Kazakhstan
Github suspends accounts of Russian developers linked to sanctioned firms
18.4.2022
Despite its promise to cater to the needs of individual developers, the latest wave of sanctions has forced the open-source platform to even block former employees of sanctioned firms
Tornado Cash says it's using Chainalysis oracles to block access from OPAC sanctioned addresses
15.4.2022
Many DeFi exploits in the past have been linked to the popular crypto-mixing protocol
Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa
14.4.2022
Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries. Amid unprecedented sanctions limiting Russia’s ability to trade internationally, the head of the board has urged...
Crypto Exchange With Belarusian Roots Halts Operations for Russian Users
14.4.2022
Currency.com, a crypto exchange founded and initially licensed in Belarus, has suspended operations for Russian clients. The restrictive measure comes in response to Russia’s assault on Ukraine, the platform said, noting that customers in other jurisdictions will not be affected....
Spread of Sanctions Makes Privacy Tokens the Hot Bet in Crypto Markets
13.4.2022
Crypto analysts are pointing to the Ukraine war and related financial sanctions as the reason that privacy tokens like MASK and Monero's XMR and are trading up over the past 30 days
Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists
13.4.2022
The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as...
North Korea-obsessed Ethereum dev gets 5 years for breaking sanctions
13.4.2022
Former Ethereum developer Virgil Griffith has been sentenced to 63 months in prison and a $100,000 fine for violating sanctions on North Korea
Ethereum Developer Virgil Griffith Sentenced to 5+ Years in US Prison for Violating North Korean Sanctions
13.4.2022
An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Korea. According to the U.S. Department of Justice (DOJ), his presentation provided the Kim Jong...
The FBI’s takedown of Virgil Griffith for breaking sanctions, firsthand
12.4.2022
Law Decoded: Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11
11.4.2022
The Treasury admits there’s not much crypto-aided sanctions evasion going on, stablecoins attract regulatory attention, and a fourth futures-based BTC ETF secures approval
Monero defies crypto market slump with 10% XMR price rally — what's next?
10.4.2022
XMR price cup-and-handle pattern fetches a bold $10,000 price prediction for 2023
EU Bans High-Value Crypto Services to Russia in New Round of Sanctions
10.4.2022
European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypto-asset services to Russian entities and residents....
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels
9.4.2022
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold...
EU bans providing 'high-value crypto-asset services' to Russia
8.4.2022
Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal
Russians collectively hold $130B in crypto, prime minister says
8.4.2022
Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation