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China Prepares for Western Sanctions With Russia’s Economic Blueprint
1.12.2024
China is closely studying Russia’s strategies for countering Western sanctions, viewing the situation as a model for preparing against similar economic measures in case of a Taiwan conflict. Beijing has reportedly formed an interagency group to analyze Russia’s experiences, from foreign...
Ruble Plunges to New 2024 Low After US Imposes Sanctions Targeting Russian Banks
28.11.2024
The Russian ruble weakened after the U.S. imposed new sanctions on Russian banks. Europe Reduces Reliance on Russian Gas The Russian ruble fell to its lowest level since March 2022 after the U.S. imposed sanctions on 50 Russian banks, further disrupting the inflow of foreign currency into...
Vitalik Buterin Donated $1M in Ether to Coin Center Hours After Tornado Cash Victory
27.11.2024
Vitalik Buterin donated 30 ETH, worth just over $1 million, to Coin Center on Tuesday night.The donation came hours after a Coinbase-backed suit challenging U.S. sanctions against Tornado Cash won an appeals court victory.Coin Center is pursuing its own lawsuit against the Treasury Department's...
Fed Appeals Court Says Treasury Wrong on Tornado Cash Sanctions: Key Details
27.11.2024
A federal appeals court has reportedly ruled that the U.S. Treasury Department overstepped its authority when sanctioning immutable…
Tornado Cash Sanctions Overturned by U.S. Appeals Court
27.11.2024
A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department's earlier effort to directly sanction crypto mixing service Tornado Cash.The court found that the government didn't have the proper tools to include the actual...
Big victory in Tornado Cash case as judge says OFAC exceeded authority
27.11.2024
A US appeals court ruled the Treasury’s OFAC “overstepped” when it sanctioned crypto mixer Tornado Cash’s smart contracts
Central Bank of Iran promises CBDC launch, fintech to fight sanctions
26.11.2024
The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions.
Tornado of Administrative Overreach: Challenging Sanctions of Crypto Mixing Services
25.11.2024
Cryptocurrency transactions are often anonymous, but they’re not private. In fact, they’re quite public. Anyone with the right technical know-how can see every transaction ever made on most publicly accessible blockchains.This radical transparency and traceability has made it easier (contrary...
SEC Push Against Elon Musk Stalls as Judge Denies Sanctions
25.11.2024
A U.S. federal judge declined the SEC’s request to sanction Elon Musk over his absence from a court-ordered testimony related to his $44 billion acquisition of Twitter. Judge Jacqueline Scott Corley ruled sanctions unnecessary as Musk testified on Oct. 3 and reimbursed the SEC $2,923...
New Russian Sanctions May Spike Gas Prices in Europe, Experts Warn
25.11.2024
U.S. sanctions on Gazprombank may disrupt payment processes for Russian oil and gas buyers, potentially increasing energy costs in Europe, according to experts cited by Tass. Analysts warn that seeking alternative payment methods, such as using other banks or currencies, could heighten risks...
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
22.11.2024
Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses using third countries as proxies to complete...
Russia’s Foreign Trade Defies Western Sanctions, Official Claims
22.11.2024
Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that...
Coin Center lawyers argue Tornado Cash is not property
20.11.2024
The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money
US lawmakers demand Treasury answer what it's doing about Tornado Cash
19.11.2024
The Democrat members of Congress want answers from the Treasury on why Tornado Cash is still operating after being sanctioned.
EU regulator sets restrictive measure guidelines for crypto providers
15.11.2024
Crypto-asset service providers that carry out transfers must choose a screening system that allows them to comply with the EU's restrictive measures regimes
BIS distances from Project mBridge amid BRICS sanctions concerns
31.10.2024
Economic sanctions have a profound effect on international financial architecture, it turns out
BIS distances from Project mBridge amid BRICS sanctions concerns
31.10.2024
Economic sanctions have a profound effect on international financial architecture, it turns out
BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?
30.10.2024
While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers Ending Mbridge Project, BRICS Countries Could Use...
US Sanctions on Russia Backfire, Elevating BRICS as a ‘Genuine Financial Threat’
30.10.2024
Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former Virginia State Senator Richard Black has claimed that...
Russia Warns of Global Market Shock if Frozen Assets Are Tapped, Intensifies Sanctions Threat
27.10.2024
Russia cautions that using frozen Russian assets could trigger profound shocks to global markets, spurring developing nations to bypass the U.S. dollar. Russia’s Asset Countermoves: Potential Global Financial System Impacts Russia’s Finance Ministry warns that leveraging Russian...