2022-9-10 23:17 |
The firm laid out a legal argument against Office of Foreign Assets Control (OFAC) sanctions targeting base layer participants such as miners and validators.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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In an unprecedented move, Tether [USDT] has defied Office of Foreign Assets Control (OFAC) sanctions. The organization has decided to go against the OFAC on the grounds of the latter not indicating "tThe post Tether takes an interesting stance, USDT benefits from it appeared first on AMBCrypto.
2022-8-26 01:30 | |
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In the wake of sanctions from the Office of Foreign Assets Control (OFAC) against Tornado Cash, crypto analyst Eric Wall has trashed the possibility of an OFAC-compliant Ethereum chain, calling the notion “dead on arrival.
2022-8-24 22:00 | |
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On Monday, Coin Center said the U. S. Department of Treasury overstepped its mandate when it sanctioned mixing service Tornado Cash, vowing to pursue redress over the matter. The group says it's seeking to "engage" the Office of Foreign Assets Control and is considering a court challenge.
2022-8-17 23:30 | |
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Following an announcement dated 8 August, the Office of Foreign Assets Control (OFAC) barred U.S. residents from using Tornado Cash. By doing so, the agency added it to its Specially Designated NatioThe post Tornado Cash: Down by >50%, are sanctions an opportunity for TORN holders appeared first on AMBCrypto.
2022-8-13 21:30 | |
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The American Conference Institute (ACI) will host a new two-day in-person conference full of insightful and practical sessions that are not only timely, but critical to help you stay up to date with the fast-paced digital assets compliance landscape.
2022-8-12 11:06 | |
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Tornado Cash was added to the Office of Foreign Assets Controls sanctions list this week. dYdX Caught Up in Tornado Cash Ban The U.S. Treasury Departments decision to blacklist Tornado...
2022-8-11 13:53 | |
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned popular cryptocurrency mixer Tornado Cash and blacklisted a list of associated Ethereum addresses.
2022-8-10 20:46 | |
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The U.S. Treasury Department’s Office of Foreign Assets Control has sanctioned the token mixing platform Tornado Cash. The post US Treasury Department Sanctions Crypto Mixing Service Tornado Cash appeared first on BeInCrypto.
2022-8-9 22:00 | |
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Per a press release, the U. S. Department of the Treasury announced sanctions against Tornado Cash, a decentralized exchange (DEX). The institution added the website tornado. cash, the entities associated, and several Ethereum-based addresses to their Office of Foreign Assets Control (OFAC) Specially Designated Nationals And Blocked Persons List (SDN).
2022-8-8 19:35 | |
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Kraken is under investigation by the United States Treasury’s Office of Foreign Assets Control for violating sanctions. The post Kraken Crypto Exchange Under Investigation for Alleged Sanctions Violations appeared first on BeInCrypto.
2022-7-27 09:00 | |
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Moscow has adopted a positive stance toward digital assets after its invasion of Ukraine triggered a sharp response from Western nations in the form of sanctions.
2022-5-28 18:51 | |
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The Office of Foreign Assets Control said that North Korean hackers had recently used Blender to launder digital assets. U.S. Treasury Sanctions Blender The U.S. Treasury Department has begun clamping...
2022-5-6 16:57 | |
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Singapore was once a haven for cryptocurrency enthusiasts but now the government is tightening its reins and restricting the use of digital assets. Nonetheless, restaurants in Singapore continue to accept crypto payments despite the legislative sanctions.
2022-5-5 06:11 | |
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Crypto asset exchange of digital assets Binance has suspended accounts with ties to Russian government officials’ relatives. Faced with escalating international sanctions in response to Russia’s invasion of Ukraine, the trading platform stated that it will continue to screen customers for connections to sanctioned persons.
2022-4-30 13:32 | |
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The financial stability watchdog is the latest to worry digital assets are being used to evade sanctions on Russia.
2022-4-20 17:34 | |
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The CEO of Binance, Changpeng Zhao, has said that Russia cannot use cryptocurrencies to avoid Western sanctions. Zhao and other executives in the crypto space have argued that Russian oligarchs and institutions could not hide assets using crypto.
2022-4-6 12:23 | |
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The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly, as current rules do not take into account the potential for digital assets to be used to skirt sanctions.
2022-4-1 04:33 | |
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The Digital Assets Sanctions Compliance Enhancement Act "would authorize the President to sanction foreign cryptocurrency firms that are doing business with sanctioned Russian entities," the Massachusetts lawmaker said.
2022-3-17 18:36 | |
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The Digital Assets Sanctions Compliance Enhancement Act "would authorize the President to sanction foreign cryptocurrency firms that are doing business with sanctioned Russian entities," the Massachusetts lawmaker said.
2022-3-18 18:36 | |
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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 its participation.
2022-3-10 13:41 | |
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The European Union (EU) has clarified that sanctions placed on Russia and Belarus extend to crypto assets.
2022-3-9 15:58 | |
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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 […]
2022-3-4 19:37 | |
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The United States Department of Justice will be creating a task force saddled with enforcing sanctions against the richest Russians and their assets in the United States The United States sets up a new taskforce The interagency task force is part of the grand effort to pressure Russia over its invasion of Ukraine.
2022-3-4 02:30 | |
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The chairman of the US Federal Reserve, Jerome Powell, has called for a comprehensive regulatory framework for digital assets amid the conflict between Russia and Ukraine. Powell’s remarks are similar to those of Christine Lagarde, the president of the European Central Bank.
2022-3-3 12:36 | |
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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.
2022-2-26 02:59 | |
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"It’s so critically important that MiCA is pushed through as quickly as possible so we have a regulatory framework within which crypto assets can actually be caught," said Christine Lagarde.
2022-2-28 00:50 | |
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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.
2022-2-25 14:40 | |
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The US presidential administration sees cryptocurrencies as a tool to circumvent sanctions. The United States imposed so far more than 9,000 sanctions against legal entities and individuals from countries such as Iran, Russia and North Korea.
2021-10-20 14:29 | |
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Circle also disclosed in a regulatory filing with the SEC that it is being investigated by the US Treasury Department’s Office of Foreign Assets Control (OFAC), which enforces US sanctions. The post Circle Reserves Over Million to Settle SEC’s Case Against Poloniex first appeared on BitcoinExchangeGuide.
2021-7-22 16:48 | |
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The U. S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.
2021-1-2 20:30 | |
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Venezuela is further expanding its crypto foothold in what seems to be a tact towards salvaging the country’s economy while evading imposed sanctions, especially by the United States. Through one of its engineering brigades, the Venezuelan army recently revealed a Bitcoin mining center dubbed ‘Digital Assets Production Center of the Bolivarian Army of Venezuela.
2020-12-2 00:26 | |
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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.
2020-10-1 19:57 | |
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Digital security exchanges that ensure listed assets are legitimate will not face sanctions, the SEC said in an open letter.
2020-9-29 15:52 | |
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The U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned two Russian nationals over the theft of millions of dollars in digital currency. The perpetrators allegedly carried out cyber attacks on three or more cryptocurrency platforms in 2017 and 2018.
2020-9-18 21:20 | |
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The Treasury Department of Foreign Assets Control, OFAC in short, announced sanctions for three Russian hackers involved in meddling in the 2016 Presidential elections. The statement further added cryptocurrency addresses attached to the Russian Troll group, Internet Research Agency, were also sanctioned.
2020-9-10 20:55 | |
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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.
2019-11-30 18:06 | |
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Bitcoin mining will breathe new life in a closed Russian aluminum plant which lost access to American customers following the introduction of U. S. sanctions in April 2018. Russian Mining Company’s (RMC) Dmitry Marichinev wants to ramp up BTC mining across Russia.
2019-10-29 18:00 | |
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You have to love it when the mainstream press talks about Bitcoin. Bloomberg broke the news that Venezuela has Bitcoin and ‘doesn’t know what to do with it’. Bitcoin as a Central Bank Reserve They also go on to say that: Venezuela’s central bank is running internal tests to determine whether it can hold cryptocurrencies in its coffers.
2019-9-27 15:00 | |
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The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed strict sanctions on “Lazarus,” “Bluenoroff,” and “Andariel,” three North Korean state-run hacking groups that have allegedly hacked several bitcoin trading venues, banks and other financial institutions, in an effort to fund the region’s nuclear weapons and ballistic missile programs, reportsRead MoreRead More.
2019-9-16 17:00 | |
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The U. S. Treasury has announced sanctions targeting North Korean cybercrime syndicates responsible for over $2 billion in bitcoin exchange hacks. OFAC Sanctions North Korean Bitcoin Hacking Syndicate The U.
2019-9-15 15:00 | |
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The US shares a complicated relationship with North Korea and it is getting, even more, complex. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Friday, sanctions against three North Korean hacking groups accused of attacking important institutions, malicious cyber-attacks and stealing millions from cryptocurrency exchanges to financial institutions.
2019-9-14 13:00 | |
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It appears that Iran has been considering cryptocurrencies as a means of bypassing US sanctions. With digital assets becoming… The post Despite US Sanctions, Switzerland And Iran Continue Trading Thanks To Cryptocurrencies appeared first on Invest In Blockchain.
2019-4-29 11:06 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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Cryptocurrency is becoming more widely adopted by countries around the world, though there are still many areas that have not created the right climate. In Crimea, an adviser to the Russian president has recently recommended adopting cryptocurrency, in hopes that it would bring new investors and avoid sanctions. This information was reported by the local […]
2019-4-23 02:15 | |
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In a bid to survive the harsh sanctions imposed on it by the government of the United States, blockchain-based digital assets such as bitcoin (BTC) have now become legal tender in the Iranian tourism sector, and the nation’s authorities are also working hard to launch a state-backed cryptocurrency, reports AL-Monitor on March 21, 2019.
2019-3-24 22:00 | |
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As per an all new circular issued by the US Government earlier today, Venezuelan banks will now be faced with an all-new set of sanctions that will make it even harder for their clients to “mobilize their assets for everyday purposes”.
2019-3-23 18:46 | |
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Ripple price ranging but bullish Financial sanctions help drive assets demand Participation levels drop, averages drop from 30 million to 16 million in three weeks. Trump’s plan of imposing financial sanctions on Maduro and other Venezuela elites could backfire affecting ordinary citizens.
2019-3-16 18:05 | |
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The U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro.
2019-3-14 19:45 | |
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Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves.
2019-2-8 17:22 | |
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| Analogue Notcoin - TapSwap |
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.