A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish ...
Tag: Evading
NFT designer arrested for allegedly evading crypto tax in Israel
A prominent designer based in Tel Aviv was arrested on Sunday by Israeli authorities for allegedly failing to disclose cryptocurrency earnings in tax reports, according to the Jerusalem Post. Ben Benh...
Broadcom Gives Strong Forecast, Evading the Chip Slump
(Bloomberg) — Broadcom Inc., a chipmaker that supplies some of the largest companies in the tech industry, gave a strong sales forecast for the current quarter, allaying fears that spending on i...
Under-the-Radar Ethereum Rival Soars 50% in Just One Week, Evading Bitcoin and Crypto Market Malaise
A blockchain protocol focusing on seamless cross-chain interoperability is surging in defiance of broader crypto market momentum. The Quant Network (QNT) application programming interface (API) uses i...
The Department Of Justice Has Filed Its First Criminal Complaint Against A US Citizen Accused Of Evading Sanctions By Using Cryptocurrency
The defendant then used this crypto exchange account to send over $10 million in BTC for the platform’s users between the United States and sanctioned countries. Judge Faruqui stated why he allo...
Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency – Regulation Bitcoin News
The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions ...
G7 Should Stop Russia From Evading Sanctions Using Crypto, BOJ Says – crypto.news
A Reuters report has stated that the Bank of Japan asked G7 nations to find common ways to regulate the crypto space amid the war. This call was triggered by the idea that Russians could be using cryp...
Russia to be prevented from evading sanctions via crypto –
Crypto will be used by Japan to prevent Russia from evading sanctions The country’s foreign exchange and foreign trade act will be amended Discussions on the proposed changes have already been initia...
How blockchain intelligence can prevent Russia from evading sanctions
As pointed out by Caroline Malcolm, Head of International Policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track fun...
EU to Include Crypto Assets in Restrictions to Prevent Russia & Belarus From Evading Sanctions
In a press release dated 9 March, the European Commission has confirmed further targeted sanctions to block Russia from circumventing any rules. And since crypto was considered a possible loophole to ...
U.S. Senator Elizabeth Warren Drafts Bill To Prevent Russians From Evading Its Sanctions
Elizabeth Warren, senior United States senator from Massachusetts, is creating a bill in response to the anxiety regarding the evasion of U.S. sanctions put on Russians. Warren, along with other senat...
FinCEN includes crypto in alert on Russia potentially evading sanctions
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 u...
EU ‘Taking Measures’ to Prevent Russia Evading Sanctions With Crypto: Le Maire
The European Union is set to crack down on Russia’s ability to evade economic sanctions using cryptocurrencies, according to France’s Finance Minister Bruno Le Maire. “We are taking measures, in parti...
ECB president calls for crypto regulation in response to Russia potentially evading sanctions
Christine Lagarde, president of the European Central Bank (ECB), has called on lawmakers to approve a regulatory framework on crypto, hinting at potentially preventing Russia from getting around econo...
The IRS Hopes To Recover Billions In Taxes From Evading NFT Traders ⋆ ZyCrypto
Advertisement     According to a recent report by Bloomberg, the Internal Revenue Service now hopes to net Billions of Dollars in taxes from evading NFT traders. Shill...