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Western Union Suspends Operations in Russia, Belarus Over Ukraine War
12.3.2022
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western...
Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion
11.3.2022
Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine....
Check These Ukraine NFT Projects Against the Russian Invasion
11.3.2022
Non-fungible token (NFT) art projects made in support of Ukraine have seen a surge in interest lately, with many artists both in Ukraine and elsewhere jumping on the chance to contribute to the cause.
To help readers get an overview of the many projects that now exists where proceeds go...
Binance Suspends Transactions With Russian Mastercard and Visa Cards
11.3.2022
Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine. Russians Unable to Use Their...
Crypto Exchange Kraken Pledges Over $10 Million to Support Ukrainian Users
11.3.2022
Kraken is planning to hand out more than $10 million in aid for clients affected by the military conflict in Ukraine. The amount covers the fees paid by Ukrainian residents in almost a decade and will also include those withheld from Russian traders in the first half of 2022. Kraken Exchange...
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
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
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...
Unicef Receives $2.5 Million in Crypto for Ukraine From Binance Charity Foundation
9.3.2022
Binance Charity is donating $2.5 million worth of cryptocurrency to support the humanitarian efforts of Unicef in Ukraine. The announcement comes as the ongoing military clash with the invading Russian forces is putting more and more children at risk. Unicef to Fund Activities in Ukraine With...
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...
Ukrainian Deputy Minister Reiterates Call for Crypto Exchanges to Block Russian Users
8.3.2022
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?
Bitcoin Higher as US Ban on Russian Oil Imports Roils Markets
8.3.2022
Crypto traders are still evaluating the potential impact of soaring oil prices on bitcoin's price
Bitcoin stems losses after US bans Russian oil, gold heads to record highs
8.3.2022
The precious metal was a hair off a USD peak Tuesday, running higher with oil and other commodities while stocks suffered
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...