Cryptocoins News / The Cointelegraph - 2 years ago
The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider crypto as a possible means Russia may attempt to use to evade sanctions related to the country’s mil...
by COINS NEWS - 2 years ago
A recent top thread links to an article with a misleading title. Coinbase CEO Brian Armstrong has expressed support for normal Russian citizens and has not closed their accounts. The article is in reference to 1. Coinbase’s process to identity and cl...
Bitcoin News / Bitcoin.com - 2 years ago
The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national...
Bitcoin News / Bitcoin.com - 2 years ago
The London Bullion Market Association (LBMA) said it wants six accredited Russian gold refiners to clarify if they have commercial ties with sanctioned Russian entities. The association’s request comes a few days after it revoked the membershi...
Bitcoin News / Bitcoinist - 2 years ago
TikTok announced on Friday that it has halted live broadcasting and new material on its site while it considered the ramifications of a new fake news law signed by Russian President Vladimir Putin on Friday.
TikTok stated that it was making this deci...
Bitcoin News / Bitcoin.com - 2 years ago
Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to protect the integrity of the country’s cry...
Bitcoin News / Bitcoin.com - 2 years ago
The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will b...
Cryptocoins News / Blockchain - 2 years ago
Meanwhile, as the war between Russia and Ukraine ravages, Coinbase CEO Brian Armstrong that are emerging as the lifeline for Russians as the nation faces heavy sanctions.
Armstrong said:
“Some ordinary Russians are using crypto as a lifeli...
Cryptocoins News / Blockchain - 2 years ago
More payment operators follow the orders of sanctions issued by the U.S., American Express, Visa, Mastercard, and announced on Saturday that they are all suspending their operations in Russia in protest of the country's ongoing invasion of Ukraine....
Cryptocoins News / NewsBTC - 2 years ago
Goldman Sachs is relocating some of its Moscow-based staff to the United Arab Emirates as a result of Russia’s onslaught on Ukraine, numerous news agencies reported Sunday.
The Wall Street behemoth is sending some of its employees to Dubai, a key fi...
Cryptocoins News / Blockchain - 2 years ago
Coinbase’s Chief Executive Officer, Brian Armstrong, has expressed his thoughts on the calls from the public that should ban Russian users from utilizing their services.
As detailed in a which has become one of the primary ways Armstrong communic...
Bitcoin News / Bitcoinist - 2 years ago
As sanctions bite, Netflix – the world’s largest streaming entertainment provider, American Express, and prominent accountancy firms KPMG and PricewaterhouseCoopers – severed connections with Russia on Sunday, over Russia’s in...
Bitcoin News / Bitcoin.com - 2 years ago
The chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions.
CEOs of Binance and Coinbase Say Crypto Not Useful at Evading...
Cryptocoins News / Blockchain - 2 years ago
On Friday, the federal government of Switzerland announced plans to freeze all crypto assets held within its borders that are owned by Russian citizens and businesses sanctioned by the European Union.
On Friday, the federal council stated it plans...
Bitcoin News / Bitcoin.com - 2 years ago
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations i...
Cryptocoins News / NewsBTC - 2 years ago
As Bitcoin falls back, the US dollar strengthened following impressive economic statistics that indicated the number of jobs generated in the US, among other related factors, increased far more than projected.
Bitcoin – the world’s alpha dog cryptoc...
Bitcoin News / Bitcoinist - 2 years ago
Payment processing is likely to become significantly more difficult, as Paypal, Mastercard, and Visa have said that they will cease Russian operations in response to Russia’s attack on Ukraine.
The three payment giants have now joined a growing...
Bitcoin News / Bitcoin.com - 2 years ago
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is...