Russia Sanctions Could Spur Use of Crypto: IMF's Gopinath

Gita Gopinath advocated for a coordinated approach to fill the gap in international regulation.

165 +

ECB president, Christine Lagarde, warns crypto firms against helping Russia avoid sanctions

The sanctions imposed against Russia by the Western countries have put pressure on cryptocurrency exchanges. Some regulators have expressed concern over how Russia could use cryptocurrencies to avoid these sanctions.

185 +

FTX CEO criticizes crypto exchanges over their stand on Russia sanctions

Cryptocurrency exchange platforms have been under intense pressure from global regulators to ensure that Russia does not use crypto to avoid Western sanctions. The CEO of FTX, Sam Bankman-Fried, has expressed concern over the stance taken by these exchanges.

251 +

Former CIA Analyst Says Crypto Market Not Large Enough To Offset Russian Losses But Small Scale Entities And Oligarchs Could Gain

In a CNBC interview with industry experts and former CIA economic analysts, it was revealed that the crypto market was not a practical solution for Russia. However, exchanges have to be placed on high alert for oligarchs and entities that might use cryptocurrencies to evade sanctions.

188 +

The U.S. and its allies put their foot down against Russia’s use of Cryptocurrencies to evade sanctions

A group of nations led by the U.S. is doubling down its efforts to prevent Russia from evading sanctions using cryptocurrencies.

182 +

US and EU double down on measures against Russia potentially using crypto to evade sanctions

"The use of cryptoassets to circumvent economic sanctions is a criminal offence,” said U.K. regulators.

68 +

Bitcoin Not a “Viable Workaround” to Russia Sanctions Says US Official

A senior administration official has stated that bitcoin and cryptocurrencies are not a viable workaround for Russia to bypass sanctions. “On Russia, in particular, the use of cryptocurrency we do...

325 +

Market Update: All Major Cryptos On Rise, Commodities Prices Also Increasing

The crypto market is currently rallying after news that President Biden signed an executive order, the first step towards regulating cryptocurrency. It comes out of concerns for Russia’s potential use of digitally mined coins to bypass economic sanctions during times.

200 +

Coinbase Purposes Use Of Cryptocurrencies To Prevent Sanction Evasion

Highlighting the possibility in traditional finance structures to evade compliance with economic sanctions, well-known crypto exchange Coinbase purposed to use cryptocurrencies to prevent laundering and sanction evasion that becomes possible using fiat currency.

186 +

The CEO of FTX US explains why you can’t use exchanges to avoid sanctions

Brett Harrison, the CEO of FTX US, said that recent public assertions that crypto is an effective means of evading sanctions couldn’t be more wrong. The post The CEO of FTX US explains why you can’t use exchanges to avoid sanctions appeared first on CryptoSlate.

120 +

New data suggests Russians don’t trade crypto like they used to

While some crypto analysts believe that Russia could evade the economic sanctions imposed on it through the use of crypto, new data from Chainalysis suggests otherwise. The post New data suggests Russians don’t trade crypto like they used to appeared first on CryptoSlate.

313 +

Crypto To Provide Russia With An Escape From Sanctions? How Japan Will Try To Prevent It

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 Ukraine.

117 +

Coinbase CEO says Russian oligarchs won’t use crypto to evade sanctions

Russia, sanctions, crypto– yes, three words that have this week informed one of the… The post Coinbase CEO says Russian oligarchs won’t use crypto to evade sanctions appeared first on Coin Journal.

280 +

EU, US Concerned Russia May Use Crypto to Avoid Sanctions

Quick take: Officials in the EU and US have expressed concerns that Russia might use cryptocurrencies to evade sanctions The EU is taking all measures to guarantee that digital assets will not be an alternative for Russia amidst sanctions US Senators have asked Treasury officials, how they are overseeing digital assets in the wake of sanctions against Russia Lawmakers and officials in the European Union and the United States, have expressed growing concern that Russia may use cryptocurrencies to circumvent […]

348 +

Crypto offers Russia no way out from Western sanctions

Crypto use is likely to grow among ordinary citizens of both nations — though it won’t help Russia’s elite dodge economic restrictions.

184 +

Hillary Clinton Calls Out Crypto Exchanges for Letting Russia Bypass Sanctions

Russians are still able to use cryptocurrency exchanges to circumvent newly imposed sanctions in response to the country’s invasion of Ukraine — and former First Lady Hillary Clinton is absolutely furious.

119 +

Russia Can’t ‘Easily’ Use Bitcoin To Ease Sanctions — Here Are The Stumbling Blocks

As sanctions against Russia intensified, experts believe that the country will turn to cryptocurrencies to circumvent them. While it seems like a fairly straightforward move, it will require a herculean move to make the switch.

255 +

Ripple CEO: Cryptocurrency will not help Russia to circumvent financial sanctions

Ripple CEO Brad Garlinghouse explained why it would be difficult for Russia to use cryptocurrencies to circumvent sanctions.

101 +

U.S Senate Panel Pushing Treasury’s Yellen To Ensure Russia Doesn’t Use Crypto To Bypass Sanctions

With the risk of Russia dodging the roils of Sanctions placed upon it by Western nations using cryptocurrencies increasingly becoming real, some senate democrats are now questioning how the Treasury Department plans on preventing Russia from bypassing sanctions.

170 +

CZ: Binance не будет блокировать аккаунты российских клиентов

Вице-премьер Украины Михаил Фёдоров попросил криптовалютные биржи заблокировать аккаунты российских пользователей. В среду в интервью телеканалу Bloomberg основатель и генеральный директор Binance Чанпен Чжао пояснил позицию торговой платформы: "Binance follows sanctions rules very strictly, whoever is on the sanctions list won't be able to use our platforms," says Binance CEO @Cz_binance.

255 +

Why Russia can’t use crypto to evade sanctions

As the war in Ukraine is continuing on its sixth day, sanctions imposed on Russia are both widening and deepening. The post Why Russia can’t use crypto to evade sanctions appeared first on CryptoSlate.

195 +

Юрист рассказал, почему криптовалюты не помогут России обойти санкции США

Россия не сможет и не будет использовать криптовалюты для обхода введенных США санкций, уверен специализирующийся на рынке цифровых активов юрист Джейк Червински. 1/ Russia can't & won't use crypto to evade sanctions.

153 +

Experts reject concerns Russia will use crypto to bypass sanctions: ‘Totally unfounded’

Blockchain Association’s Jake Chervinsky believes politicians should not be worried that Russia may use crypto to get around economic sanctions because it is not feasible at the scale required.

179 +

US Treasury Adds More Teeth On Russian Sanctions – Will It Scare Putin And His Central Bank?

The United States is making sure that Russian sanctions remain tightly in place and prevent Russia from taking any refuge from cryptocurrencies and use these to advance its goals. According to people with firsthand knowledge of the situation, the Biden administration is asking cryptocurrency exchanges in ensuring that Russian individuals and organizations do not get […]

295 +

Why ECB Thinks Quick Crypto Regulations Will Tie Down Putin

The European Central Bank president Christine Lagarde called for quick approval of crypto regulations as war and crypto become intertwined and moral quandaries appear. Authorities fear Russia could use digital assets to bypass the sanctions imposed upon them.

266 +

ECB calls for faster adoption of crypto regulation in response to Russia's possible sanctions evasion

The Chairman of the European Central Bank, Christine Lagarde, sees cryptocurrencies as a tool for possible circumvention of sanctions, which Russia will be able to use if the EU does not speed up work on its cryptocurrency legislation.

107 +

CryptoRuble: Russia could use crypto to evade Western sanctions

After anticipating a turn of events for a while, the die is finally cast.…

The post CryptoRuble: Russia could use crypto to evade Western sanctions appeared first on Coin Journal.

246 +

Russia Could Use Bitcoin To Mitigate Western Sanctions Following Ukraine Invasion: Report

With cryptocurrencies increasingly being seen as an alternative hedge to fiat-induced economic woes, one does not need to look further as to how Russia will view digital assets during its current tensions with NATO.

106 +

NGOs Use Crypto To Aid Afghans Facing Taliban Takeover

Crypto is playing an important role for organizations looking to send financial aid to Afghanistan. Around 24. 4 million afghans are in humanitarian need, but strict rules and sanctions forbid money to go into the country by traditional means.

161 +

Pakistan: Central bank-led committee calls for 'ban' on cryptos and sanctions

Cryptocurrencies' growing popularity and dominance threatens financial stability, according to different regulatory watchdogs across the globe. In fact, quite a few countries have banned the use of diThe post Pakistan: Central bank-led committee calls for 'ban' on cryptos and sanctions appeared first on AMBCrypto.

215 +

Treasury Department Imposing Sanctions to Crack Down on Crypto Payments in Ransomware

The Biden Administration is preparing a range of actions, including sanctions to curb the use of digital currency in ransomware cyberattacks, the Wall Street Journal reported, citing people familiar with the matter.

185 +

Biden Administration to Fight Cryptocurrency Ransomware Payments with Sanctions: The Wall Street Journal

The Biden administration will introduce sanctions to counter the use of cryptocurrencies in ransomware attacks

165 +

An Iranian Think Tank Recommends the Use of Cryptocurrencies to Circumvent Sanctions

A think tank affiliated with the Iranian Presidency has unveiled a study report that encourages the use of cryptocurrencies in circumventing sanctions against the country. In addition, the report also claims the government could potentially “generate US$2 million a day and $700 million a year in direct revenue from cryptocurrencies.

121 +

Iranian hackers use cryptojacker to bypass sanctions, says report

Cybersecurity firm SophosLabs has traced MrbMiner, a new cryptojacking virus that primarily targets powerful database servers, back to a small software company in Iran, according to a report published yesterday.

227 +

Iranian Authorities Eye Bitcoin (BTC) for Payment of Imports

The Iranian government has made it compulsory for bitcoin (BTC) miners in the country to sell their coins to the state, so authorities can use the digital currency to pay for imports amidst crippling international sanctions, according to reports on October 30, 2020.

233 +

Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions

With the latest amendment to the legislation, Iran has become the first country to use cryptocurrencies at a state level for import funding. The Iranian Cabinet amended legislation to redirect digital currencies into the funding mechanism of the Central Bank of Iran (CBI) for imports, as per the report by the official The Islamic Republic […] The post Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions first appeared on BitcoinExchangeGuide.

273 +

Iran started using Bitcoin as a legal medium of exchange

According to a recent report citing the Islamic Republic News Agency (IRNA), Iran has just become the first country to use Bitcoin (BTC) as a legal means of exchange. The country made this move due to the most recent wave of sanctions by the US’ Treasury Department.

226 +

Crypto to bypass sanctions? Yes, says Venezuela's President Maduro

The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in tradeThe post Crypto to bypass sanctions? Yes, says Venezuela's President Maduro appeared first on AMBCrypto.

258 +

Can Belarus Use Crypto to Bypass Sanctions? Experts Are Skeptical

Sanctions could be coming to Belarus. Can the crypto-friendly country beat it with Bitcoin or Ethereum?

270 +

3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet

On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions […] The post 3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet appeared first on Bitcoin News.

348 +

Iranian General Calls for use of Crypto to Evade Sanctions

Speaking from Iran on Wednesday, a top Iranian General has called for more sophisticated methods to evade sanctions, including the use of cryptocurrency

144 +

Iranian General Advocates Crypto Use for Skirting Sanctions: Report

Iranian general Saeed Mohammed is calling for the use of crypto to help Iran evade sanctions designed to isolate it from the global financial system, according to Coinit.ir.

113 +

North Korean Internet Use Spikes 300% as Regime Turns to Cryptocurrencies

According to a new report, North Korean internet usage is up as state actors use it as a means for raising revenues and skirting sanctions

165 +

Ethereum’s North Korean nightmare: Vitalik Buterin pledges to help free Virgil Griffith

Ethereum’s co-founder Vitalik Buterin stepped forward to help free Virgil Griffith. The move comes after Griffith was arrested by the FBI for allegedly helping the North Korean regime to “use cryptocurrency and blockchain technology to evade sanctions.

133 +

Ethereum Foundation researcher arrested after visiting blockchain conference in North Korea

US authorities arrested an Ethereum Foundation researcher for giving a lecture on cryptocurrencies in Pyongyang, during which he allegedly told how to use cryptocurrency to circumvent sanctions.

201 +

Ethereum Dev Arrested For Advising North Korea to Evade Sanctions With Crypto And Blockchain Tech

Cryptocurrency was created as a decentralized method of payment that could be used around the world. It isn’t ruled by any single entity, but there are many countries that have made the assets illegal to use.

162 +

Ethereum Researcher Arrested by FBI but ETH Price Unfazed

Ethereum Foundation member Virgil Griffith was arrested on Thursday for traveling to North Korea to hold presentations regarding crypto and blockchain technologies and their use for evading sanctions.

213 +

Ethereum Foundation Researcher Arrested by FBI for Allegedly Helping North Korea Evade U.S. Sanction

Virgil Griffith, a research scientist with the Ethereum Foundation and citizen of the United States, has been arrested under the International Emergency Economic Powers Act in line with the accusation that Griffith helped North Korea understand how they can use cryptocurrency to evade United States economic sanctions on their country.

216 +

Crypto Community Erupts Over Ethereum Foundation Member’s Arrest

On Friday the United States Attorney’s Office for the Southern District of New York (SDNY) announced the arrest of Ethereum Foundation member Virgil Griffith for allegedly “assisting North Korea in evading sanctions” by teaching “his audience how to use blockchain technology.

189 +