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 order, worth $10 million, could enable the nation to tra...
Tag: Sanction
WazirX Faces Sanction For Abating Illegal Loan App Companies
Asian crypto exchange WazirX which has been under the probe of the Indian enforcement agency, Directorate of Enforcement has finally had its bank assets seized. Cumulatively, the frozen bank assets a...
Crypto Exchange Kraken Under Investigation for Allegedly Allowing Iranian Sanction Evasion: Report
Crypto exchange Kraken is reportedly under federal investigation for allegedly violating a US sanction against Iran. The US has imposed restrictions on activities with Iran following the hostage crisi...
Treasury Department Investigates Kraken Over Sanction Violation
Kraken said its culture sees the weaponization of the financial system as immoral. The company also noted it would disagree with government agencies regarding outdated laws that are unfairly exclusion...
SenseTime defied US sanction to raise capital in Hong Kong. Where does it go from here?
For years, Xu Li toiled with millions of lines of computer codes to establish an artificial intelligence (AI) system to empower manufacturing, enhance surveillance and enrich social matrix. Then in Oc...
Most Awaited Bitcoin Mining Bill Sanction By Paraguay Chamber
19 seconds ago | 2 mins read Bitcoin News Under the bill cryptocurrency firms will not be required to pay VAT. The power consumption for mining activity will be done under ANDE. On July 14, the South ...
New Platforms For Indo-Pacific Diplomacy
Civil Guards stand by the sanctioned Russian yacht “Tango” in Palma de Mallorca, Spain. ASSOCIATED PRESS As Western countries begin the process of seizing Russian assets, the scope and sca...
US Treasury sanctions Russian crypto miners, its first sanction on mining
advertisement Today, the US Treasury took aim at Russia’s cryptocurrency mining industry. On April 20, the Treasury’s Office of Foreign Assets Control added Russia-based cryptocurrency min...
CZ of Binance says crypto is the worst place to be for sanction dodgers
Changpeng Zhao, CEO of cryptocurrency exchange Binance, has reiterated what financial technology experts have said, that using crypto and blockchain for avoiding sanctions is the very worst thing you ...
US, Germany Sanction Russian Darknet Marketplace Hydra, Seize Bitcoins
The authorities in the United States and Germany have imposed sanctions on Russia-based Hydra Market (Hydra), which has been labeled as the world’s largest and most prominent darknet market. The annua...
US Treasury to Hold Crypto Exchanges Accountable for Sanction Evasion
There has been some saber-rattling by the Deputy U.S. Treasury Secretary this week as cryptocurrencies remain in the spotlight as a primary concern for Russian sanction evasion. On March 29, Deputy U....
legislative Bill to Sanction Russia’s Gold –
Four US senators have introduced legislation sanctions on Russia’s gold. Secondary sanctions would discourage the buy of Russian gold and plug a loophole that permits the Russian Federation to reduce...
Zelensky Asked Biden To Not Sanction Billionaire Oligarch Abramovich, Report Says
Topline Ukrainian President Volodymyr Zelensky asked President Joe Biden to delay imposing sanctions on the Russian billionaire oligarch Roman Abramovich so he could act as a mediator between Moscow a...
Russian sanction tightening: G7 intensifies measures and Japan sanctions against crypto usage
The world applied heavy sanctions against Russia in response to its invasion of Ukraine, and the Russian economy had taken a hit. However, the world leaders seem to think it is not enough. G7 ganging ...
Is it Possible to Use Cryptocurrency to Sanction Any Country
Mar 14, 2022 at 09:21 // News Whenever a country is sanctioned, its traditional banking institutions are the number one target. This is the same thing that happened recently with Russia when the EU, N...
Sanction evasion could increase cryptocurrency usage
Cryptocurrency usage could spike in the midst of the current sanctions against Russia Coinbase has supported the government’s efforts with national security in mind Unlawful aggression could be avoid...
US Lawmakers Introduce Bill to Sanction Russia’s Gold – Regulation Bitcoin News
Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to ...
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 a...
FTX CEO Sam Bankman-Fried Weighs in on Russian Sanction Violations
As the war continued to rage, ruble-denominated Bitcoin values rose sharply. Authorities are now looking for ways to minimize use in dodging financial sanctions. And while the recent activity demonstr...
Singapore Suspends Crypto Transactions As It Complies With Russia Sanction Rules ⋆ ZyCrypto
Advertisement     Russia has been getting confronted by firm criticism of its invasion of Ukraine. Singapore has joined other concerned countries to impose sanctions o...
Coinbase suggests crypto technology to support sanction compliance
TL;DR Breakdown: Coinbase proposes using crypto tech to help comply with international sanctions. The firm says cryptocurrency can help promote compliance with sanctions. Coinbase blocks 25,000 Russia...
Crypto exchange executives respond to sanction misinformation
Digital money trades are not stopping admittance to Russian clients, yet that doesn’t mean they’re essentially breaking sanctions Crypto exchanges are required to blacklist certain Russian individuals...
Crypto exchange executives respond to sanction ‘misinformation’
“So much misinformation out there.” That’s one crypto exchange executive, speaking in a message to The Block, amid a heightened focus on cryptocurrencies in the context of Russian ec...
CZ Maintains That Binance Will Comply With Sanction Rules For Russia
The crypto industry continues to battle bad media representation targeted at it. Changpeng Zhao, the CEO of Binance, has called out media outlets that have misrepresented the decision of crypto exchan...
G7, EU Finance Ministers Thwarting Russian Sanction Dodging With Crypto
Finance ministers from the European Union and the G7 (Group of Seven) said they were working to prevent Russia from using cryptocurrencies to avoid sanctions. The details were discussed with central b...
U.S. And Allies To Remove Some Russian Banks From SWIFT, Sanction Central Bank
Topline The Biden administration and Western allies committed Saturday to a series of tough new sanctions on Russia to choke its financial system, including cutting off “selected” Russian banks from t...