Bitcoin News / Bitcoinist - 2 years ago
The FinCEN, an agency of the US treasury department, has informed all financial institutions that Russia may likely consider using cryptocurrency to evade sanctions associated with its military activities in Ukraine.
The current director of FinCEN, H...
Bitcoin News / Bitcoin.com - 2 years ago
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just using cash,” a senior Treasu...
Bitcoin News / Bitcoin.com - 2 years ago
U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use...
Cryptocoins Exchanges / Binance - 2 years ago
I (and my friends) are really hoping that the accusations from the Ukraine crypto exchange KUNA (Michael Chobanian) are incorrect (as per story on CoinDesk) and Binance are NOT still working with the Russian government in crypto…. We all have to do w...
Cryptocoins News / The Cointelegraph - 2 years ago
Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes.Speaking remotely in a Thursday heari...
Cryptocoins News / The Cointelegraph - 2 years ago
As pointed out by Caroline Malcolm, head of international policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track funds related to sanctioned entities. “We're in quite...
Cryptocoins News / Blockchain - 2 years ago
Russians with strong social connections, who are under international sanctions for the invasion of Ukraine, have been using to launder their wealth, according to a report.
Crypto watchdog firm Elliptic said that it found millions of crypto address...
Bitcoin News / Bitcoinist - 2 years ago
Since the Taliban took over Afghanistan in August of last year, US authorities have cut off financial sources to disrupt the state’s economy. As a result, money transfers became a severe problem for Afghans. Sanctions by the US unable Afghans f...
Bitcoin News / Bitcoin.com - 2 years ago
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison.
&...
Cryptocoins News / The Cointelegraph - 2 years ago
Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation.Japan to fine crypto exchanges for vi...
Bitcoin News / Bitcoinist - 2 years ago
https://www.tradingview.com/chart/ajrdy9Lf/
With the Biden administration spearheading the enactment of economic sanctions against Russia for its invasion of Ukraine, the G7 (Group of Seven) countries are joining forces to assure its effectiveness.
R...
Bitcoin News / Bitcoin.com - 2 years ago
The Group of Seven (G7) countries issued a joint statement stating that they “will ensure that the Russian state and elites, proxies and oligarchs cannot leverage digital assets as a means of evading or offsetting the impact of internation...
Cryptocoins Exchanges / Binance - 2 years ago
The Russians' Ability to Bypass Cryptocurrency Sanctions Is Highly Overrated During a Senate Intelligence Committee hearing, New Mexico Senator Martin Heinrich asked the FBI director whether Russia could use Chinese currency or cryptocurrency to...
More / Etherum Reddit - 2 years ago
Take the Russian attack in Ukraine for example. Should sanctions be able to exist? If so, should sanctions exist for crypto? For example, should sanctions be able to prevent exchanges from operating with Russia or operating with certain wallets? I...
Bitcoin News / Bitcoin.com - 2 years ago
A new task force set up by the U.S. Department of Justice (DOJ), KleptoCapture, will also target cryptocurrency exchanges. Financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money &am...
Cryptocoins News / The Cointelegraph - 2 years ago
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph...
Bitcoin News / Bitcoin.com - 2 years ago
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 i...
Cryptocoins News / The Cointelegraph - 2 years ago
The United States and the European Union have announced new actions targeting Russia’s economy and wealthy individuals as a report suggests Vladimir Putin’s allies have attempted to circumvent sanctions using cryptocurrency in foreign countries.In a...