Canadian regulatory body, Ontario Securities Commission (OSC), has announced financial sanctions against two crypto exchanges. According to the details of the statement, the regulator leveled these sa...
Tag: sanctions
US Sanctions Help China Supercharge Its Chipmaking Industry
(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-g...
Russian Oil Company Turns to Cryptocurrency Mining Amidst Crippling Western Sanctions
Jun 21, 2022 at 09:19 // News Russian oil company Gazpromneft announced that it will use its massive oil resources to mine cryptocurrencies. This comes after US sanctions on Russian oil have led to a ...
US Sanctions Helped China Supercharge Its Chipmaking Industry
(Bloomberg) — China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-g...
Sanctions On Russian Oil And Gas Didn’t Work, And Now We Know Why.
Russian President Vladimir Putin chairs a meeting with members of the Russian government via … [+] teleconference in Moscow on March 10, 2022. SPUTNIK/AFP via Getty Images The Russian war on Ukr...
Pimco Warned US Treasury That Russia Sanctions Will Hit Pensions
(Bloomberg) — Pacific Investment Management Co. has warned the US Treasury about the fallout on investors from the strict sanctions that are pushing Russia toward default. Most Read from Bloombe...
Russia Launches SWIFT Blockchain-Based Alternative to Circumvent Sanctions – crypto.news
Russia’s Rostec Corporation subsidiary, RT-Techpriemka has announced that it has successfully launched a distributed ledger technology (DLT) powered payments solution dubbed CELLS. The team claims CEL...
Russia Could Replicate Iran’s Strategy To Skirt Oil Sanctions
The ban by the European Union (E.U.) on Russian oil imports by sea, in the first instance, is likely to affect around 75 percent of Russia’s crude oil delivery to the bloc, with this figure rising to ...
Fiji Hands U.S. Seized $300 Million Russian Superyacht Owned By Oligarch
Topline Fiji has handed the U.S. a $300 million superyacht Washington claims is tied to billionaire gold magnate Suleimon Kerimov, the country’s top prosecutor said on Tuesday, ending a protracted leg...
The Internet Pioneer Brought Low as Kremlin Ally by EU Sanctions
(Bloomberg) — European Union sanctions on the founder and former head of Russia’s most popular Internet search engine show how an increasing number of Russian businessmen are facing measures tha...
Do Kwon will likely evade US sanctions 1
Do Kwon, the CEO of Terraform Labs has been the center of attention in the crypto market over the last few weeks. This is due to the mishap that occurred involving the native token of the platform, LU...
How Russia Has Remained One Step Ahead Of Western Sanctions
As the US and EU pile on sanctions, Russia finds more ways to avoid them… The week, the EU Sets Harshest Russian Sanctions, Targeting Oil and Insurance, with exemptions to Hungary. The European ...
White House Targets Billionaire Mordashov And Other Russian Elites In New Round Of Sanctions
Topline The White House on Thursday announced a fresh round of sanctions targeting Russian government officials and elites, including billionaire Alexey Mordashov, chairman of Severstal, Russia’...
‘Everything is gone’: Russian business hit hard by tech sanctions
Russian companies have been plunged into a technological crisis by western sanctions that have created severe bottlenecks in the supply of semiconductors, electrical equipment and the hardware needed ...
Russia May Turn to Crypto to Pay Off Its Foreign Debt as Sanctions Mount
US Treasury Department officials announced that Russia would no longer be able to pay bondholders through US banks after May 25, 2022 due to sanctions imposed by the Biden administration for its invas...
Russia Mulls Enabling Crypto For Int’l Payments As Western Sanctions Bite
Despite the Russian government’s expectation that cryptocurrencies will be legalized as a form of payment, no consensus has yet been reached after months of panel discussions in Moscow about crypto. N...
Crypto Exchange Binance To Tighten KYC Controls and Sanctions Enforcement With New Tech Partnerships
Global crypto exchange Binance is announcing new partnerships with tech companies to shore up its know-your-customer (KYC) controls and enforcement of sanctions. According to a new press release, Bina...
Binance Bolsters Security Measures By Tightening KYC and Sanctions Screening
To ensure the sanction compliance and save the platform from the potential risk posed by illicit transacting of crypto, the well-established cryptocurrency exchange Binance has partnered with two firm...
Bank of Russia Steps Up Efforts to Issue Digital Ruble Due to Sanctions – Finance Bitcoin News
The Central Bank of Russia (CBR) has accelerated the development of its digital ruble in response to Western sanctions. The monetary authority now intends to pilot transactions with the new version of...
Amid sanctions, Russia weighs crypto for international payments: Report
The Russian Federation is reportedly considering accepting cryptocurrencies for international payments in response to Western sanctions against the country that were prompted by its full-scale invasio...
Majority Of Americans Think Protecting Economy—Not Sanctioning Russia—Should Be Country’s Top Priority, Poll Finds
Topline More than half of Americans now believe the country’s top priority should be staving off damage to the economy rather than punishing Russia for invading Ukraine, according to an Associated Pre...
Latest EU Sanctions Target Different Set Of Russia’s Business Elite
A man walks outside the headquarters of Yandex company, Russia’s internet search engine, in Moscow. … [+] The company’s shares were halted in New York and its cheif executive is sanc...
How Russia defended the ruble from Ukraine war sanctions — Quartz
The Russian ruble has emerged as the best-performing currency in 2022, despite wide-ranging sanctions imposed for its invasion of Ukraine. It is nearly 30% higher against the US dollar, as of May 23, ...
Geopolitics Takes A Back Seat As Biden Drops Sanctions On Venezuela
When Biden sent a delegation to Caracas in early March, rumors began to circulate that the U.S. was considering reopening relations with Venezuela as oil prices soared. Now, after a period of silence ...
Saudi Arabia signals support for Russia’s role in Opec+ as sanctions pressure mounts
Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers despite tightening western sanctions on Moscow and a potential EU ban on Russian oil imports. Prince ...
Chinese firms ‘told to stop work on Russian Arctic LNG 2 project’ due to EU sanctions
At least five Chinese companies will have to stop work on Russia’s Arctic LNG 2 project in northern Siberia by the end of this month, according to an industry publication, due to EU sanctions ag...
Russia Prepares To Cut Gas Supplies To Finland Days After NATO Application
Topline Finland will be cut off from Russian gas after it refused demands to pay in rubles, Finnish state-owned firm Gasum said on Friday, just days after the Nordic country formally set aside decades...
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...
DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions – Featured Bitcoin News
The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its service...
US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions
The United States Department of Justice may move forward on a criminal prosecution case against a United States citizen who allegedly violated sanctions through cryptocurrency. According to a Friday o...
McDonald’s Unveils Plans to Sell Its Russian Business amid Growing Sanctions
McDonald’s Russian business took a good footing in the country around the time when the Soviet Union was falling apart. American multinational fast food corporation, McDonald’s Corp (NYSE: MCD) has an...
U.S. Government Launches First Crypto Sanctions Evasion Case
Key Takeaways The U.S. government has launched its first case involving the use of Bitcoin transactions to evade sanctions. The defendant allegedly created a payments platform and moved approximately ...