2023-2-2 23:15 |
The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network. origin »
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Blockchain analysts warn that the Russian government may use crypto exchanges like Garantex for sanctions evasion under the new legislation. The Russian government is likely to rely on domestic crypto exchanges like Garantex for sanctions evasion as it adapts to…
2024-9-6 09:34 | |
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As part of its broader efforts to combat illicit financing, the Treasury's Office of Foreign Assets Control (OFAC) has targeted cryptocurrency addresses to disrupt the flow of funds from the US to these sanctioned entities.
2023-2-1 23:00 | |
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The U.S. Treasury Department's Office of Foreign Assets Control (OFAC), its sanctions watchdog, has blacklisted a bitcoin and an ether address tied to sanctions evasion.
2023-2-2 20:04 | |
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The US Treasury's Office of Foreign Assets Control (OFAC) has imposed full blocking sanctions on 22 individuals and entities across several countries, including Russia and Cyprus, as part of its sanctions evasion network that supports Russia's military-industrial complex.
2023-2-1 19:28 | |
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The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.
2022-11-17 20:46 | |
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Federal prosecutors alleged that five Russian nationals laundered "millions of dollars" worth of unnamed cryptocurrency as part of a scheme to smuggle military technology and oil.
2022-10-20 21:17 | |
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Russia has been leaning towards cryptocurrencies such as Bitcoin and Ethereum in recent times. Sanctions against the country since it began its evasion of Ukraine had piled up, and the government had begun to turn to crypto to circumvent these sanctions.
2022-9-23 20:00 | |
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Iran has made its first official import order using cryptocurrency this week, a step that could allow the country to bypass U.S. sanctions. The post First Crypto-Based Import by Iran Raises Concerns Over Sanction Evasion appeared first on BeInCrypto.
2022-8-9 16:00 | |
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Three Binance compliance officers give a fiery response to allegations of illicit activity, sanctions evasion and darknet links.
2022-8-2 03:42 | |
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Three Binance compliance officers give a fiery response to allegations of illicit activity, sanctions evasion and darknet links.
2022-8-1 03:42 | |
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Lithuanias Finance Ministry has banned anonymous wallets and imposed strict regulations on crypto exchanges in an attempt to combat money-laundering, terrorist financing, and sanctions evasion. The ministry stated it had...
2022-6-10 23:29 | |
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The U.S. Department of Justice has launched its first-ever case involving the use of cryptocurrency to evade sanctions. Defendant Operated Payments Platform The U.S. government is set to bring charges...
2022-5-17 02:23 | |
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The U.S. Justice Department has opened its first criminal case of sanctions evasion using cryptocurrencies, according to a federal judge. The post U.S. Department of Justice Lays First Criminal Crypto Sanctions Charge appeared first on BeInCrypto.
2022-5-16 21:30 | |
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The Treasury admits there’s not much crypto-aided sanctions evasion going on, stablecoins attract regulatory attention, and a fourth futures-based BTC ETF secures approval.
2022-4-12 21:18 | |
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The U.S. Treasury secretary emphasized the department’s crypto monitoring efforts at a House Financial Services Committee hearing Wednesday.
2022-4-7 00:15 | |
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Last week United States Senator Elizabeth Warren (D-MA), along with ten other democrat senators, introduced a bill to block cryptocurrency companies from conducting business with sanctioned companies, fearing cryptocurrencies might constitute a vehicle for evading sanctions against Russia in the ongoing war with Ukraine.
2022-3-25 22:00 | |
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White House and Treasury officials have said there is little concern that crypto will be used to evade sanctions against Russia but are announcing guidance to ensure this.
2022-3-12 20:15 | |
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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.
2022-3-8 12:24 | |
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Combating accusations that crypto is an ideal sanctions evasion tool, Coinbase said it has long taken “proactive” steps to root out criminally-tied Russians.
2022-3-8 22:56 | |
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U. S. Senators Elizabeth Warren (D-Mass. ), Sherrod Brown (D-Ohio), Mark Warner (D-Va. ) and Jack Reed (D-R. I. ) and New York Governor Kathy Hochul addressed this concern in separate public statements Wednesday.
2022-3-3 22:01 | |
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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.
2022-3-1 00:05 | |
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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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Dial-up daydreams, Zoom alternatives and how blockchain is lending a helping hand during the coronavirus crisis.
2020-4-8 19:34 | |
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Sanctions experts from the United Nations have warned blockchain enthusiasts against attending an upcoming cryptocurrency conference in North Korea. Attending the Pyongyang Event Could Breach Sanctions According to Reuters, a confidential report will be submitted to the UN Security Council warning that the event will include discussions that cover sanctions evasion and money laundering.
2020-1-16 16:25 | |
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BitRiver, Russia’s largest bitcoin mining operator, has entered formal insolvency proceedings after a Russian arbitration court accepted creditor claims linked to unpaid debts. The case marks one of the most significant financial failures in the country’s crypto mining industry and highlights the pressure facing energy-intensive operators as costs rise and access to capital tightens. The […]
BitRiver, Russia's largest bitcoin mining operator, is facing bankruptcy after a court initiated insolvency proceedings over unpaid debts.
Bitcoin Magazine Russia to Roll Out Bitcoin and Crypto Framework This July, Allowing Retail Participation Russia wants to introduce its first regulatory framework for crypto like Bitcoin, with lawmakers aiming to finalize the draft for a parliamentary vote by the end of June.
Bitcoin Magazine Russia Moves to Make Crypto ‘Everyday Finance’ as Lawmakers Prepare Retail Access Bill Russia is preparing a bill to allow everyday investors limited access to cryptocurrency, normalizing its use while capping retail participation at roughly $3,800.
Bitcoin Magazine Unregistered Bitcoin Mining in Russia May Soon Come With Up to Two Years of Forced Labor Russia is planning criminal penalties, including forced labor, to curb widespread unregistered bitcoin mining after legalization.
Bitcoin Magazine Sberbank Issues Russia’s First Crypto-Backed Loan in Pilot Deal With Major Bitcoin Miner Sberbank has issued Russia’s first crypto-backed loan in a pilot deal with bitcoin miner Intelion Data.
Russia plans capped crypto trading for retail investors, strict oversight for intermediaries, and a phased digital ruble rollout through 2028. Russia’s central bank has proposed regulations that would allow non-qualified investors to trade limited cryptocurrencies, according to a framework submitted…