Cryptocoins News / The Cointelegraph - 2 years ago
Blockchain-data analysis firm Chainalysis announced the fast-tracked launch of two primary sanctions screening tools that will be provided to the cryptocurrency industry free of charge. According to the report provided by Chainalysis on Thursday, the...
Cryptocoins News / The Cointelegraph - 2 years ago
Christopher Wray, the director of the Federal Bureau of Investigation, said that fiat was a more likely avenue for Russia to explore in circumventing sanctions, given the United States’ ability to block efforts using crypto.In a Thursday hearing of t...
Cryptocoins News / The Cointelegraph - 2 years ago
Nine Republican senators have backed legislation aimed at directing the policy of U.S. government agencies around concerns that China’s digital yuan may be used to circumvent sanctions and compromise users' personal information.In a Wednesday announc...
Cryptocoins News / CoinJournal - 2 years ago
Russia’s invasion of Ukraine has led to a cascade of events that in one way or the other, has helped shine the spotlight on crypto.
If you look at it, we see sanctions putting Moscow in an economic stranglehold, made worse by a ban on Russian oil a...
Bitcoin News / Bitcoin.com - 2 years ago
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 ba...
Bitcoin News / Bitcoinist - 2 years ago
The European Union announced late Wednesday that crypto assets fell within the category of “transferable securities,” and hence are clearly included in the scope of sanctions imposed on Russia for its invasion of Ukraine and Belarus for i...
Cryptocoins News / The Cointelegraph - 2 years ago
The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in Ukraine.In a Wednesday statement, the European Commission said member states had...
Cryptocoins News / The Cointelegraph - 2 years ago
United States Senator Elizabeth Warren is preparing a bill to crack down on the use of crypto as a way to avoid economic sanctions. Warren’s latest anti-crypto move comes alongside a push from the U.S. government to stamp out the possibility of Russi...
Bitcoin News / Bitcoin.com - 2 years ago
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&#x...
Bitcoin News / Bitcoinist - 2 years ago
According to a report from Bloomberg, sanctions against Russia haven’t dampened the enthusiasm of cryptocurrency investors.
Bitcoin trading volume in Russian native currency, Ruble, has broken its all-time highs this year on Saturday, per the b...
Bitcoin News / Bitcoin.com - 2 years ago
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 touri...
Bitcoin News / Bitcoinist - 2 years ago
Coinbase, the largest cryptocurrency exchange in the United States, announced Monday that it had blocked more than 25,000 cryptocurrency wallet addresses associated with Russian persons or businesses suspected of engaging in criminal behavior.
Coinba...
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...
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 / The Cointelegraph - 2 years ago
The United States-based crypto exchange Coinbase has proposed the use of cryptocurrencies to help ensure compliance with economic sanctions. This recommendation comes by highlighting the ease of laundering and sanction evasion of fiat currencies made...
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 Exchanges / Coinbase - 2 years ago
Using Crypto Tech to Promote Sanctions ComplianceBy Paul Grewal, Chief Legal OfficerCoinbase is committed to building a safe and responsible financial system that promotes economic freedom around the world. We strive to be the most trusted platform f...
Bitcoin News / Bitcoin.com - 2 years ago
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evad...
Bitcoin News / Bitcoin.com - 2 years ago
G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,...
Bitcoin News / Bitcoinist - 2 years ago
Per a report from the Japan Times, the Asian country has started to discuss ways in which Russia could use crypto to escape sanctions. The Russian Federation has been hit by the international community after the consummation of their invasion of Ukra...
Cryptocoins News / CoinJournal - 2 years ago
Russia, sanctions, crypto– yes, three words that have this week informed one of the most discussed topics in the crypto space.
We know Russia attacked Ukraine and a war is going on. This has in turn attracted tough sanctions from across European n...