Key Takeaways The Treasury Department is investigating Kraken for breaking U.S. sanctions, The New York Times has reported. The exchange allowed users in Iran and other banned countries to trade on it...
Tag: sanctions
Russia Restarts Key Gas Pipeline To Europe After Fears Moscow Would Keep Taps Closed
Topline Russia has resumed gas supplies to Europe via a key pipeline after it was shut for repairs 10 days ago, the operator announced on Thursday, dampening energy prices and assuaging fears that Mos...
European Union Bans Russian Gold Exports In Latest Sanctions Package
Topline The European Union appears to have approved bans on Russian gold exports and an asset freeze of the Russian state-owned SberBank as part of its latest round of sanctions against Russia in resp...
Last Week [In] Crypto: 3AC Founders Vanish, Celsius Faces Class Action Lawsuit, Binance Accused of Breaking Sanctions on Iran
Be[in]Crypto has scoured the crypto industry for the leading stories that reverberated during the last week. The stories range from the weak Reserve Risk Indicator for Bitcoin, crypto personalities ru...
EU Shipowners Race to Move Russian Oil Before Sanctions Kick In
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Ukraine seizes $3 million in cash, other assets from crypto traders accused of funneling Russian funds
Ukrainian authorities have broken up what they say was a crypto trading desk that illegally funneled money for Russians. The Ukrainian Prosecutor General’s office on July 12 announced the seizu...
Three Arrows Capital to Seek Appropriate Sanctions Over Disappointing Court Filings
After a brief hiatus across social media channels, 3AC co-founder Zhu Su tweeted that their “good faith” to cooperate with liquidators of the hedge fund was “met with baiting.” He also posted snapshot...
Binance continued Iranian operations despite sanctions, Reuters says
Crypto exchange giant Binance continued to serve clients and process trades by people based in Iran, irregardless of US sanctions and a ban on doing business there, according to a report on Monday by ...
Binance Under Fire: Report Says It Bypassed Sanctions And Continued To Serve Iranian Customers
A report says that despite a company ban and economic penalties on Iran, the largest cryptocurrency exchange Binance continued to serve Iranian customers. Binance Under Fire In spite of Iran being add...
Binance allegedly continued to serve Iranian customers, despite ban and sanctions
Global cryptocurrency exchange Binance is under the spotlight as a report claims it continued serving Iranian clients despite a company ban and economic sanctions against the country. According to an ...
Iranians Permitted to Trade on Binance, Despite US Imposes Sanctions: Reuters
A recent report from Reuters is yet again indicting Binance, the world’s largest cryptocurrency trading platform. The report said the exchange permitted Iranian users to trade on its platform after th...
Binance Bypassed US-Led Sanctions on Iran for Years, Report Claims
Binance, the largest crypto exchange by volume, reportedly allowed users in Iran to trade in contravention of U.S. sanctions, a Reuters investigation alleges. The report found that the exchange might ...
Binance Evaded US Sanctions To Serve Iranian Crypto Traders
Binance has been dealing with global regulators’ scrutiny lately. Meanwhile, the latest investigation has found out the world’s largest crypto exchange worked against the US imposed sanctions on Iran....
Binance Serviced Iranian Crypto Traders Despite Sanctions: Report
Key Takeaways Reuters has reported that Binance allowed Iranian clients to trade on its platform despite U.S. sanctions and a company policy against operating in the country. The newspaper cited inter...
Binance stayed accessible to Iranian clients for years despite the 2018 U.S. sanctions
Binance, the world’s largest cryptocurrency exchange, is once again in regulatory hot water. According to a Reuters report, the crypto exchange continued to handle client trades in Iran despite U.S. s...
Putin Says New Sanctions Would Be Catastrophic for Global Energy Markets
(Bloomberg) — Western nations made a mistake by imposing energy sanctions on Russia, and if they persist with further restrictions it will be a catastrophe for global markets, said President Vla...
Kremlin slashes spending by £24bn as West’s sanctions batter Russia
Putin The Kremlin is poised to cut future spending plans by £24bn as Western sanctions against Russia bite. Defence, technology and transport budgets are all set to be trimmed, according to Russian me...
Big Insider Buys of Oil and Solar Stocks Are Plays on Russia Sanctions
Text size Crude-oil storage tanks at a Plains All American Pipeline facility. Angus Mordant/Bloomberg Insiders have snapped up stock of two companies whose prospects have brightened due to Russia’s in...
Techies From Russia, Belarus, Find Solace In Uzbekistan. Can They Attract Western Outsourcers?
Machine coding symbols on a wall at the headquarters of Internet security firm Kaspersky Lab in … [+] Moscow. (Photo by KIRILL KUDRYAVTSEV/AFP via Getty Images AFP via Getty Images It’s a terrib...
Putin Seizes Control Over Major Gas And Oil Project From Foreign Investors
Topline President Vladimir Putin has seized control of a major gas project in Russia’s far east—a move that could force foreign investors to abandon the project—shocking already skittish energy market...
U.K. Sanctions Mining Magnate Vladimir Potanin—Russia’s Wealthiest Oligarch
Topline The U.K. government on Wednesday announced sanctions against Russia’s richest man, metals tycoon Vladimir Potanin, closing in on an oligarch who has escaped most Western sanctions unscathed as...
Russia goes easy on crypto tax as sanctions heat up
On June 28, members of Russia’s parliament approved a crypto-friendly draft bill. Should it become law, Russia will exempt crypto-asset issuers from value-added tax (VAT). The current tax rate for fir...
Russia Targets First Lady Jill Biden, Daughter Ashley And Mitch McConnell In Latest Sanctions Wave
Topline Russia on Tuesday announced a series of sanctions targeting 25 prominent Americans including the family of President Joe Biden and Senate Minority Leader Mitch McConnell , a retaliatory step a...
Russian ruble hits 7-year high, highlighting failure of West’s sanctions
It’s no secret that the dollar has been outperforming relative to other currencies, as I wrote about here, when I felt the brunt of it while holidaying in Ecuador last week (who use the USD). The doll...
Sanctions Push Russia Near First Foreign Default Since Revolution
Russia was poised to default on its foreign debt for the first time since 1918, pushed into delinquency not for lack of money but because of punishing Western sanctions over its invasion of Ukraine. R...
Cryptocurrency Exchange Uphold Leaves Venezuela Due to US Sanctions – Emerging Markets Bitcoin News
Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — ...
Crypto Exchange Uphold Cuts Off Venezuela Due to ‘Complexity’ of US Sanctions
U.S. sanctions have forced cryptocurrency exchange Uphold to shut off Venezuela—officially this time. In an update to its website’s help center, the U.K.-based exchange noted that it was shutting down...
Uphold halts services in Venezuela, cites US sanctions
Uphold, a cryptocurrency trading platform has said that it will be suspending its services in Venezuela over the sanctions imposed against the country by the United States. Uphold said that Venezuela ...