The U.S. Justice Department has opened its first criminal case of sanctions evasion using cryptocurrencies, according to a federal judge. An unnamed American citizen is now being accused of sending $1...
Tag: sanctions
Renault’s Russian Assets Nationalized After Carmaker Sells To Moscow
Topline French carmaker Renault has sold its Russian assets to the Russian government, the company announced Monday, the first major nationalization of a Western company’s assets since Moscow threaten...
Here Are All The Sanctions Targeting Putin After U.K. Sanctions His Ex-Wife, Rumored Girlfriend
Topline The United Kingdom sanctioned the long-time suspected girlfriend and the ex-wife of Russian President Vladimir Putin, the U.K. announced Friday, the latest effort by the West designed to hit P...
U.K. Sanctions Putin’s ‘Shady’ Network Of Family And Friends—Including Rumored Girlfriend
Topline The U.K. government on Friday announced a fresh wave of sanctions targeting the friends and family of Vladimir Putin, who Westminster claims are funding the Russian president’s “lavish lifesty...
BitRiver mining giant plans on challenging U.S. sanctions
BitRiver, one of the world’s largest crypto mining data centers operator, intends to sue the United States over its decision to label it a Russia-friendly organization. The firm claims that it does no...
Russian Crypto Mining Giant Bitriver Considers Challenging US Sanctions – Mining Bitcoin News
Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not hel...
Indie Russian news firm raises $250K in crypto after sanctions cripple finances
A Russian independent news company has raised more than $250,000 in cryptocurrency donations from supporters in order to continue reporting independent news under a barrage of Russian government propa...
Western Sanctions Force Russian Journalists to Solicit Crypto Donations
Western sanctions have forced beleaguered Russian journalists to turn to cryptocurrencies to keep their operations running. In the days following Russia’s invasion of Ukraine, readers of the prominent...
Russian Free Press affected by economic sanctions: requests crypto donations from international community
Meduza, an independent Russian news outlet launched a crypto donations page back in April last year after being penalised by the Russian government. Now, with their content blocked in Russia, Meduza i...
U.S. Treasury Sanctions Coin Mixer Allegedly Used by North Korean Hackers To Process Over $20,000,000 in Crypto
The US government is continuing to crack down on illicit crypto activity by targeting a website that it says obfuscates transaction data. In a new press release, the U.S. Department of the Treasury sa...
Binance, Huobi And OKX May Face Fresh Sanctions Against Russia
Binance, the leading cryptocurrency exchange by marketcap, might trigger regulatory officials to issue yet another sanction. Seychelles based exchange OKX, and Singapore based Huobi, might also on a g...
100,000+ Cubans Turn To Crypto To Overcome Sanctions
Strict US sanctions curtailing Cuba’s ability to conduct international trade have led to over 100,000 Cubans turning to cryptocurrency as an alternate pathway to financial freedom. Businesses Chose C...
Coinbase to shut down some Russian accounts due to EU sanctions
Leading crypto exchange Coinbase is planning to ban accounts of select Russians to adhere to sanctions, Russian news agency RBC reported May 5, citing an official letter issued to users by the exchang...
US Treasury control Department Imposes New Sanctions on N.Korean Democratic People’s Crypto Mixer
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed new penalties against Blender.io, a cryptocurrency mixer used by the Democratic People’s Republic of Korea (DPRK). This...
Cryptocurrency Adoption Rises Steeply in Cuba Amid Heavy U.S. Sanctions
Editors News Cuba’s central bank has approved crypto and provided licensing criteria. The NBC reporter claims Cubans embrace the future. In reaction to the heavy U.S. sanctions, Cuba adopts bitcoin an...
Coinbase to Block Russian Customer’s Accounts In Reference With E.U Sanctions
Coinbase, a leading crypto exchange platform has notified some Russian customers about their accounts getting blocked at the end of this month. Russian media reported that several trading platforms ar...
US Treasury Imposes Sanctions on North Korean Crypto Mixer
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced fresh sanctions on a cryptocurrency mixer called Blender.io, which happens to be used by the Democratic People...
U.S. Sanctions Crypto Mixer Blender.io for Aiding Axie Infinity’s Hackers
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added cryptocurrency mixing platform Blender.io to its sanction list, according to a Friday statement. U...
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic – Coinotizia
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively e...
Majority of Russia’s Financial Pyramids in Q1 Linked to Crypto, Scammers Exploit Sanctions Topic – Bitcoin News
Many of the financial pyramids identified in Russia during the first quarter of the year have been associated with cryptocurrencies, a top central bank official has revealed. Fraudsters are actively e...
For the crypto industry, supporting sanctions is an opportunity to rebrand
One of the first punitive measures leveled against Russia in response to the military invasion of Ukraine was the implementation of economic sanctions aimed at isolating the country from the internati...
US Treasury Sanctions First Crypto Mixer – Regulation Bitcoin News
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit pro...
U.S. Treasury Sanctions A Crypto Mixer For Contributing To The Axie Infinity Hack
The United States Treasury Department Office of Foreign Assets Control (OFAC) carries out sanctions against Blender(dot)io. The crypto mixer has apparently processed around $20.5 million out of ...
Cryptocurrencies Won’t Save Russia From Dodging Sanctions, Moody’s Says
It has been argued that Russia may avoid Western sanctions for invading Ukraine by using cryptocurrencies. However, is it viable? The small scale of the cryptocurrency market restricts Russia’s capaci...
US Treasury Department sanctions Blender.io over laundering proceeds of Axie Infinity hack
The Ronin Network’s hack was ranked as one of the largest in the decentralized finance (DeFi) sector. The threat actors behind the hack made away with over $600M worth of cryptocurrencies. The US Trea...
U.S. Sanctions Bitcoin Mixer Blender for Helping Launder $20.5M to North Korea
The United States on Friday sanctioned cryptocurrency mixing service Blender for allegedly helping North Korean hackers launder around $20.5 million stolen from the Axie Infinity hack at the end of Ma...
Cryptocurrencies Unlikely to Help Russia Evade Sanctions – Bitcoin News
Russia’s ability to employ cryptocurrencies to circumvent international sanctions is restricted by the limited size of the crypto market, according to Moody’s. Despite increased use in small transacti...
US Treasury Issues First Sanctions on Crypto Mixing Service
North Korea’s crypto market is facing malicious cyber activities and money laundering in the country. Hence to avoid such activities North Korea is secretly using the sanctions said in a press release...