Uniswap vs. SEC: Potential victory looms amid regulatory scrutiny

Uniswap's strong defence indicates potential victory against SEC's Wells Notice. SEC's sanctions raises concerns, highlighting scrutiny over its crypto platform regulation approach. As the cThe post Uniswap vs. дальше »

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US Prosecutors Want Binance Founder Changpeng Zhao to Serve 3 Years Behind Bars

Federal prosecutors are pushing for a tougher 3-year prison term for Binance founder and former CEO Changpeng “CZ” Zhao in connection with his role in the global cryptocurrency exchange’s violation of sanctions and money laundering laws. дальше »

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Changpeng Zhao could face a 3-year prison term as DOJ seeks to deter crypto crime

The Department of Justice argues Binance founder Changpeng Zhao should serve 36 months in prison and pay a $50 million fine for violating US sanctions law. The post Changpeng Zhao could face a 3-year prison term as DOJ seeks to deter crypto crime appeared first on Crypto Briefing. дальше »

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Tether Will Freeze Wallets Evading Venezuelan Sanctions

Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports. дальше »

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Binance Founder Changpeng Zhao Should Spend 3 Years in Prison, DOJ Says

Binance's founder and former chief executive, Changpeng "CZ" Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws, the U.S. Department of Justice said Tuesday night. дальше »

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Binance Founder Changpeng Zhao Should Spend Three Years in Prison, DOJ Says

Binance's founder and former chief executive, Changpeng "CZ" Zhao, should spend three years in prison for his role in enabling the crypto exchange to violate federal sanctions and money laundering laws, the U.S. Department of Justice said Tuesday night. дальше »

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Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

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USDT move by Venezuela’s PDVSA triggers freezing threats from Tether

Venezuela’s state-run oil company, PDVSA, has been hit with a harsh response from Tether, the issuer of the USDT stablecoin. Amidst efforts to bypass oil sanctions imposed by the United States, PDVSA reportedly turned to crypto, particularly USDT, to facilitate its crude oil and fuel exports. дальше »

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Tether commits to freezing addresses linked to sanctions as scrutiny over USDT misuse grows

Stablecoin issuer Tether told CryptoSlate that the firm would freeze any addresses linked to sanctioned entities. This decision comes in response to reports indicating that some state actors were leveraging Tether’s USDT tokens to circumvent US sanctions. дальше »

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First Mover Americas: Venezuela Looks to Tether for Oil Sales as Sanctions Return

The latest price moves in bitcoin (BTC) and crypto markets in context for April 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. дальше »

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Venezuela turns to crypto for oil trades under renewed US sanctions: Reuters

Venezuela's PDVSA shifts to crypto, using USDT for oil trades as a sanction evasion strategy, according to a new report. The post Venezuela turns to crypto for oil trades under renewed US sanctions: Reuters appeared first on Crypto Briefing. дальше »

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Venezuela reportedly turns to USDT for oil export as US sanctions bite

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether… дальше »

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Venezuela to Use Tether (USDT) to Evade US Sanctions

Venezuela's oil firm PDVSA turns to cryptocurrency, leveraging Tether (USDT) to navigate through US sanctions and protect oil revenues, amidst growing scrutiny and operational challenges. The post Venezuela to Use Tether (USDT) to Evade US Sanctions appeared first on BeInCrypto. дальше »

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Venezuela Looks to Tether to Bypass Sanctions: Reuters

Venezuela's state-run oil company started experimenting with Tether in 2023. дальше »

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SEC lawyers resign after censure for ‘gross abuse of power’ — Bloomberg

Former lawyers from the SEC have resigned following a federal judge's sanctions against the agency for committing a "gross abuse of power." The post SEC lawyers resign after censure for ‘gross abuse of power’ — Bloomberg appeared first on Crypto Briefing. дальше »

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SEC lawyers quit amid another legal blow for agency: report

A Bloomberg report says that two US Securities and Exchange Commission (SEC) lawyers have resigned after the latest criticism levelled against the securities regulator. Judge sanctions SEC for “gross abuse” of power The lawyers’ resignations come after federal Judge Robert Shelby ruled that the SEC’s case against Digital Licensing Inc., or Debt Box, was replete […] дальше »

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Two SEC Lawyers Resign Following Debt Box Sanctions Fiasco: Bloomberg

Two lawyers for the U.S. Securities and Exchange Commission (SEC) were forced to resign after a federal judge sanctioned the agency last month for committing a “gross abuse of power” while attempting to secure a temporary restraining order against Utah-based crypto company Debt Box, according to a Monday report from Bloomberg. дальше »

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Russia’s central bank urges lawmakers to hasten crypto bill amid US sanctions

As sanctions bite, Bank of Russia’s Nabiullina calls for faster adoption of crypto laws that would enable international transactions in crypto and digital financial assets. Russian central bank governor Elvira Nabiullina has urged Russian lawmakers to fasten the approval of… дальше »

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US Treasury official targets Tether USDT stablecoin in Russian sanction evasion

US Treasury Deputy Secretary Adewale Adeyemo said Russia was increasingly using alternative payment mechanisms like Tether’s USDT stablecoin to bypass economic sanctions, according to his written testimony on April 9 to the Senate Banking, Housing, and Urban Affairs Committee. дальше »

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US Treasury seeks secondary sanctions tool to go after crypto exchanges

The U.S. Treasury is pushing for more authority to tackle the growing misuse of crypto by Iran, Russia, and North Korea. According to a report from Bloomberg, Deputy Secretary Adewale Adeyemo emphasized in written testimony ahead of a Senate hearing… дальше »

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Ripple exec calls out SEC's "gross abuse of power"- What next for XRP?

Ripple's CLO disputed SEC's integrity citing past criticisms and sanctions for abuse of power. SEC's inconsistent crypto guidance was highlighted, which confuses market participants. Amidst The post Ripple exec calls out SEC's "gross abuse of power"- What next for XRP? appeared first on AMBCrypto. дальше »

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USDT in the Shadows: Russian Smugglers Use Crypto to Evade Western Sanctions

Russian smugglers leverage cryptocurrency, particularly USDT, to bypass Western sanctions, with significant transactions linked to military hardware, sparking debates on crypto regulation. The post USDT in the Shadows: Russian Smugglers Use Crypto to Evade Western Sanctions appeared first on BeInCrypto. дальше »

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How one Russian smuggler used crypto to skirt sanctions for tech and arms deals

Andrey Zverev, self-described as a smuggler for illicit Russian activities, has reportedly been leveraging Tether to carry out purchases of high-tech equipment and components for weaponry, thereby sidestepping Western-imposed sanctions. дальше »

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US, UK initiate joint probe into $20 billion moved via crypto to evade Russian sanctions

The US and UK governments have launched a joint investigation into crypto transactions worth over $20 billion that may have violated Russian sanctions, Bloomberg News reported on March 28. The transactions, suspected of being routed through the Russia-based crypto exchange Garantex, aim to evade international sanctions and potentially fund military activities in Ukraine. дальше »

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OFAC targets Telegram-based news outlet Gaza Now that raised $4.5m in crypto to fund Hamas

OFAC designated social media news outlet Gaza Now and its founder Mustafa Ayash for crypto fundraising efforts aimed at supporting Hamas. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside the U.K.’s Office of Foreign Sanctions… дальше »

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OFAC sanctions Russian providers of digital financial assets

Treasury Department has sanctioned Russian providers of digital financial assets, saying many of the designated entities offered services that helped evade sanctions. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 13 entities and two… дальше »

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OFAC sanctions two pro-Kremlin supporters with Garantex ties

OFAC has sanctioned two Russians involved in a pro-Kremlin influence campaign, while Chainalysis found that at least one of them received funds from crypto exchange Garantex. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions… дальше »

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North Korea gets 50% of foreign earnings due to weak security measures in crypto industry, UN says

A recent United Nations report highlights North Korea’s significant role in cyberattacks, particularly targeting crypto firms amid sanctions enforcement and nuclear concerns. The United Nations Security Council has released a new report, indicating North Korea‘s escalating involvement in cyberattacks, which… дальше »

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US Judge Sanctions Gary Gensler’s SEC for Abuse in Crypto Case

US District Judge Robert Shelby sanctioned the SEC for abuse of power in its case against DEBT Box, casting a shadow over the SEC’s regulatory tactics. The post US Judge Sanctions Gary Gensler’s SEC for Abuse in Crypto Case appeared first on BeInCrypto. дальше »

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Federal court sanctions SEC for gross misconduct in Debt Box case

A United States district court has sanctioned the Securities and Exchange Commission (SEC) for demonstrating “bad faith” in its legal actions against Debt Box, a company accused of operating a $50-million fraudulent cryptocurrency scheme. дальше »

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Court sanctions SEC, orders it to cover legal fees in DEBT Box case

The US Securities and Exchange Commission (SEC) has been sanctioned over its disputed restraining order against the crypto firm DEBT Box, according to a March 18 court filing. As a result of the SEC’s misconduct, the court has mandated the commission to cover the legal fees, costs, and expenses incurred by DEBT Box. дальше »

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Hackers like Lazarus continue to use Tornado Cash despite US sanctions

Blockchain analytics firm Elliptic revealed that the North Korea-backed hacker group Lazarus is once again using sanctioned crypto mixer Tornado Cash to obfuscate its transactions. Last year, the group ceased using the crypto mixer after US government sanctions, which were imposed due to allegations of aiding criminals in laundering illegally obtained digital assets. дальше »

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Elliptic: Lazarus Group taps Tornado Cash to launder Heco Bridge, HTX hack proceeds

North Korea’s hacker organization Lazarus is using Tornado Cash again despite U.S. sanctions against the popular cryptocurrency mixer. дальше »

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European Parliament votes to strengthen sanctions enforcement, including crypto regulations

On Tuesday, the European Parliament voted to implement a new set of regulations to enhance the enforcement of sanctions violations, focusing on the crypto sector. дальше »

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EU Parliament Approves New Sanctions Laws That Also Apply to Crypto

The laws are to ensure sanctions rules are applied uniformly across the EU's 27 member states. дальше »

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Sanctioned Bitcoin mining firm BitRiver to launch largest data center for AI in Russia

BitRiver, a Bitcoin mining company targeted by OFAC sanctions, is set to launch Russia’s largest data center for artificial intelligence (AI) in H2 2024. Bitriver-B, a subsidiary of BitRiver Group, is set to launch the largest data center for energy-intensive… дальше »

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US prosecutors ask judge to approve Binance plea deal

US prosecutors filed a sentencing memo on Feb. 16 asking a federal judge to sign off on the Binance plea deal, Bloomberg News reported. In November 2023, Binance and its former CEO Changpeng Zhao (CZ) pled guilty to charges of money laundering and sanctions violations. дальше »

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Chainalysis: Crypto money laundering falls 29% as Lazarus, others respond to mixer sanctions

Chainalysis reported a 29% decline in crypto money laundering activity in 2023 as U.S. authorities and other world governments sanctioned mixing services. дальше »

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OFAC sanctions entities behind Iran’s digital currency program

The U.S. Treasury sanctioned entities for illegally exporting technology to Iran, including one that developed Iran’s central bank digital currency platform. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) said in a press release that on Feb.… дальше »

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CoinList pays $1.2M to OFAC for Ukraine sanction breaches

CoinList Settles with OFAC for $1.2 Million Over Sanctions Violations in Crimea, a move reflecting scrutiny in the cryptocurrency industry. дальше »

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Tether Unveils Unprecedented Policy: Instantaneous Wallet Restriction for Individuals Under OFAC Sanctions

Сообщение Tether Unveils Unprecedented Policy: Instantaneous Wallet Restriction for Individuals Under OFAC Sanctions появились сначала на Coinstelegram.

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US Fugitive Involved In Crypto Scheme To Aid North Korea Arrested In Spain, Faces 20-Year Term

Spanish authorities have detained Alejandro Cao de Benos, a Spanish aristocrat, over allegations that he ran a crypto scheme and recruited Ethereum (ETH) researcher Virgil Griffith to help North Korea evade international sanctions. дальше »

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Judge threatens to sanction SEC over ‘misleading’ statements in crypto case

U. S. District Judge Robert Shelby issued a stern warning to Securities and Exchange Commission (SEC) attorneys regarding possible sanctions for “misleading” court proceedings in a lawsuit against the cryptocurrency firm Debt Box, according to court filings. дальше »

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Spain detains man who helped Ethereum developer Virgil Griffith enter North Korea

Spanish police have arrested a c who helped Ethereum developer Virgil Griffith violate U. S. sanctions and travel to North Korea, Reuters reported on Dec. 1. Local authorities reportedly discovered that Alejandro Cao de Benos was in Barcelona under a false identity and intended to travel by train to Madrid. дальше »

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U.S. Treasury to expand sanctions powers for digital assets

The Biden administration is urging Congress to consider the most significant updates to the Treasury’s sanctions authority since 2001. This move aims to better regulate the use of digital assets for financial transactions in regions impacted by terrorism. According to… дальше »

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US deputy treasury secretary calls for additional tools to sanction crypto firms

Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority. дальше »

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U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas

The U.S. Department of the Treasury is pressing lawmakers for a new set of powers that would give the government unprecedented enforcement and sanctions authority over the crypto sector, including the ability to roam well beyond American borders and get involved with transactions that don't involve its citizenry. дальше »

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U.S. Treasury sanctions Sinbad mixer, citing money laundering by North Korea’s Lazarus Group

The U. S. Treasury Department has sanctioned the cryptocurrency mixing service Sinbad. io (Sinbad) for its role in enabling money laundering by North Korean state-sponsored hacking groups, according to a Nov. дальше »

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US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties

The government department has previously imposed sanctions on crypto mixers Blender and Tornado Cash despite many in the space pushing back on actions against software tools. дальше »

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Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI, Dutch and Finnish Police Seize Website

The U.S. Treasury Department's Office of Foreign Asset Control listed two crypto addresses tied to Sinbad, a mixing service, in its latest sanctions list. дальше »

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