Cryptocoins News / The Cointelegraph - 1 year ago
Crypto trading platform Uphold said it will be withdrawing support for users in Venezuela due to sanctions imposed by the United States government.In a Thursday announcement, Uphold said “owing to the increasing complexity of complying with U.S. sanc...
Bitcoin News / Bitcoinist - 1 year ago
Despite the Russian government’s expectation that cryptocurrencies will be legalized as a form of payment, no consensus has yet been reached after months of panel discussions in Moscow about crypto.
Nonetheless, Russia is contemplating the use...
Bitcoin News / Bitcoinist - 1 year ago
To ensure the sanction compliance and save the platform from the potential risk posed by illicit transacting of crypto, the well-established cryptocurrency exchange Binance has partnered with two firms, including analytical data firm Kharon and cloud...
Bitcoin News / Bitcoin.com - 1 year ago
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of the national fiat in early 2023 instead of 2024,...
Cryptocoins News / The Cointelegraph - 1 year ago
The Russian Federation is reportedly considering accepting cryptocurrencies for international payments in response to Western sanctions against the country that were prompted by its full-scale invasion of Ukraine earlier this year. The Moscow-based I...
Cryptocoins Exchanges / Binance - 1 year ago
Kharon, a data and analytics company that provides intelligence at the intersection of global security and commerce, today announced a collaboration with Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure...
Bitcoin News / Bitcoin.com - 2 years ago
The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions,...
Cryptocoins News / The Cointelegraph - 2 years ago
The United States Department of Justice may move forward on a criminal prosecution case against a United States citizen who allegedly violated sanctions through cryptocurrency.According to a Friday opinion filing in U.S. District Court for the Distri...
Bitcoin News / Bitcoin.com - 2 years ago
Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent inte...
Cryptocoins News / The Cointelegraph - 2 years ago
A Russian independent news company has raised more than $250,000 in cryptocurrency donations from supporters in order to continue reporting independent news under a barrage of Russian government propaganda and censorship. Meduza, a Latvian-based Russ...
Bitcoin News / Bitcoin.com - 2 years ago
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively exploiting the hot topics of the day, including the...
Cryptocoins News / The Cointelegraph - 2 years ago
One of the first punitive measures leveled against Russia in response to the military invasion of Ukraine was the implementation of economic sanctions aimed at isolating the country from the international financial system. On March 12, Russian banks...
Bitcoin News / Bitcoin.com - 2 years ago
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of...
Bitcoin News / Bitcoinist - 2 years ago
It has been argued that Russia may avoid Western sanctions for invading Ukraine by using cryptocurrencies.
However, is it viable?
The small scale of the cryptocurrency market restricts Russia’s capacity to use cryptocurrencies to bypass interna...
Bitcoin News / Bitcoin.com - 2 years ago
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transactions, low liquidity is another factor...
Bitcoin News / Bitcoinist - 2 years ago
Flagged as a “significant threat” to the United States national security, Bitcoin mixer Blender.io has become the first crypto entity to be sanctioned by the Treasury Department. According to a press release, the platform has “failed” to implement An...
Bitcoin News / Bitcoin.com - 2 years ago
On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto usage is due to the fact that Cubans cannot use c...
Bitcoin News / Bitcoin.com - 2 years ago
The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine...
Cryptocoins News / The Cointelegraph - 2 years ago
A United States district court has charged two European citizens in connection to a blockchain and cryptocurrency conference in North Korea which violated U.S. sanctions back in 2019. According to the U.S. Department of Justice, the court documents a...
Bitcoin News / Bitcoin.com - 2 years ago
Two European citizens have been charged for conspiring with Ethereum developer Virgil Griffith to help North Korea evade U.S. sanctions using cryptocurrency, the Department of Justice (DOJ) announced. They conspired “to teach and advise me...
Cryptocoins News / Blockchain - 2 years ago
Compass Mining, an American cryptocurrency mining firm, is looking for buyers for its gears stranded in Russia in a bid to avoid being sanctioned by the United States Department of Treasury.
According to a Bloomberg citing Compass Mining’s Chief E...