The International Monetary Fund (IMF) remains wary of a possible scenario where countries like Russia and Iran may use crypto mining to avoid sanctions. In the global financial stability report by IMF...
Tag: sanctions
Serena Williams, Lewis Hamilton Join U.K. Bid To Buy Chelsea From Russian Billionaire Abramovich, Report Says
Topline Serena Williams and Sir Lewis Hamilton have reportedly backed a bid to buy Chelsea Football Club from Russian billionaire Roman Abramovich, according to Sky News on Thursday, as the global bid...
Bitcoin mining company punished with Russia sanctions
The US Treasury has placed BitRiver, a Bitcoin mining company operating in Russia, on the blacklist of companies subject to sanctions. Sanctions against Russia also affect Bitcoin mining The US Trea...
US Treasury Department Imposes Sanctions on Russian Crypto Mining Firm Bitriver
The United States announced that it has added Bitriver, a Russian cryptocurrency mining firm, to its sanctions list. The latest movement is part of the US ongoing efforts to block Russian companies f...
Binance Limits Services in Russia Following EU Sanctions
Key Takeaways Binance, the world’s largest crypto exchange by transaction volume, announced today that it is limiting its services in Russia. Per the new regime, the accounts of Russian national...
Binance Updates its Policy for Russians Amid Latest EU Sanctions
In line with the recently-imposed fifth wave of sanctions from the European Union toward Russia, Binance has made changed to its policy regarding investors from and based in the world’s largest countr...
US Sanctions Its First Cryptocurrency Mining Company
The U.S. government has just sanctioned the first cryptocurrency mining company, which also happens to be from Russia. This comes a day after the IMF warned that Russia could potentially evade economi...
Binance restricts services in Russia following the EU’s latest sanctions
The world’s largest cryptocurrency exchange by trading volume, Binance is set to restrict services to Russian persons or entities with crypto assets exceeding the value of 10,000 euros ($10,885). Meas...
Binance Cracks Down On Russian Users After New Sanctions
Binance, the world’s largest crypto exchange, said it was required to limit trading activities of Russian users in light of new European sanctions against Moscow. The exchange said it will limit servi...
U.S. Unleashes New Sanctions Against Russian Oligarchs, Bank And Crypto Miner BitRiver
The US Department of the Treasury is targeting companies, oligarchs, and bitcoin miners operating in Russia for the first time ever as the country’s conflict on Ukraine enters its third month. Treasur...
U.S. Treasury Sanctions Russian Crypto Mining Operation Amid New Token Launch
In a press release today, the U.S. Department of the Treasury is taking action against companies in Russia’s virtual currency mining industry. The Office of Foreign Assets Control (OFAC) designated Bi...
IMF issues Warnings! Russia could use Bitcoin Mining to bypass the sanctions
International Monetary Fund believes that sanctions might have good intentions, but Russia is likely to avoid them; it could use bitcoin mining In its new report, the International Monetary Fund put o...
IMF Warns That Crypto Mining Could Aid Countries Hit by Sanctions
The International Monetary Fund (IMF) has warned that countries like Russia and Iran could use cryptocurrency to evade sanctions. In a report, the IMF said countries could leverage their surplus ener...
U.S. Treasury Sanctions Russian Crypto Miners
Key Takeaways The U.S. Treasury and OFAC have introduced sanctions against BitRiver, a Russia- and Switzerland-based crypto mining company. BitRiver is named along with ten of its subsidiaries in a li...
US Sanctions Russian Crypto Mining Host Bitriver
“Treasury is also taking action against companies in Russia’s virtual currency mining industry. By operating vast server farms that sell virtual currency mining capacity internationally, these c...
Treasury Sanctions First Crypto Miner—Targeting Russia’s Bitriver For ‘Supporting Putin’s Brutal War’
Topline In its latest retaliatory measures following Russia’s invasion of Ukraine, the Treasury Department on Wednesday sanctioned one of the largest cryptocurrency miners in Europe and Asia—mar...
Russia Could Mine Bitcoin and Other Cryptocurrencies to Evade Sanctions, IMF Warns
Russia could use cryptocurrency mining to evade sanctions, according to the IMF. The IMF warned in its new report that sanctioned countries like Russia could use cryptocurrencies and significantly boo...
US Lawmaker Urges Biden Administration to Develop ‘Robust Strategy’ to Prevent Crypto Use to Evade Sanctions – Regulation Bitcoin News
A U.S. lawmaker has urged the Biden administration to develop a “robust strategy” to prevent cryptocurrency from being used to evade sanctions. “Emerging technologies like cryptocurrency offer many po...
IMF still trying to pin Russian sanctions evasion on crypto
The IMF has doggedly continued to accuse the crypto sector as a place where Russia can dodge the sanctions imposed on it by the Western alliance. From anonymising tools to crypto mining, the IMF appea...
Fraud prevention start-up Seon raises funds to fight sanctions evasion
Fintechs have come under increased pressure to address Russian sanctions evasion, particularly amid concerns that their controls may be more lax than that of banks. Kirill Kudryavtsev | Afp | Getty Im...
Russia Has Found No Place Yet to Invest Reserves After Sanctions
(Bloomberg) — Russia’s central bank conceded it’s found no clear alternatives to the world’s major reserve currencies after sanctions over the war with Ukraine left it in possession of only yuan...
The Oil Market After The War
TOPSHOT – Ukrainian servicemen get ready to repel an attack in Ukraine’s Lugansk region. (Photo by … [+] Anatolii STEPANOV / AFP) (Photo by ANATOLII STEPANOV/AFP via Getty Images) AF...
Russia to Legalize Crypto; Are Western Sanctions to Thank?
On Thursday, it was revealed that Russia and its Ministry of Finance are working on a draft legislation that would legalize the use of cryptocurrencies, according to a report by Russian news outlet Ko...
US Treasury Ties Lazarus Group to Ronin Hack, Sanctions ETH Address
The US Treasury Department on Thursday added an Ethereum address to its sanctions list, thus linking the Ronin Network attack to the notorious North Korean hackers, Lazarus Group. It is also the first...
Russian Oligarchs Can’t Evade Sanctions That Easily
Addressing recent speculation that Russian oligarchs have used cryptocurrency to avoid sanctions, blockchain analysis firm Chainalysis released their latest report which may come at a surprise to many...
White House focused on imposing Russia sanctions, Biden security advisor Sullivan says
Jake Sullivan, White House national security adviser, speaks during an interview at an Economic Club of Washington event in Washington, D.C., U.S., on Thursday, April 14, 2022. Al Drago | Bloomberg | ...
Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions
The strong hands of the law have been stretched to Virgil Griffith, an American national and one of the Ethereum core programmers, who is sentenced to 63 months in jail by U.S. District Judge P. Kevin...
OFAC sanctions Russian crypto exchange Garantex and Hydra
TL;DR Breakdown • Hydra would be working from Moscow and Germany• OFAC will continue to investigate all those exchanges that do not comply with its regulations The foreign fund’s surveillance agency, ...
Former Ethereum Developer Faces 63 Months In Jail For Breaking Sanctions
Former Ethereum developer Virgil Griffith is set to face 63 months in prison and an additional $100,000 fine for violating sanctions on North Korea. He was accused of helping North Korea to use blockc...
North Korea-obsessed Ethereum dev gets 5 years for breaking sanctions
Virgil Griffith, a former Ethereum developer, has been sentenced to 63 months in prison and will pay a fine of $100,000 for attending a conference and assisting North Korea to use blockchain technolog...
Spread of Sanctions Makes Privacy Tokens the Hot Bet in Crypto Markets
Monero‘s XMR, the largest privacy token by market capitalization, is up 35% over the last 30 days, compared with bitcoin (BTC), the world’s largest cryptocurrency by market value, which is up 6%...
Ex-Ethereum dev given 5 year sentence over helping North Korea evade sanctions
Former Ethereum Foundation developer Virgil Griffith was sentenced to 5 years in prison after pleading guilty to a one-count charge of conspiracy to violate the U.S. International Emergency Economic P...