TL;DR Breakdown Former Ethereum developer Virgil Griffith was tried for various allegations. Griffith attended a conference in Pyongyang regarding cryptocurrency, helping North Korea in sanctions evas...
Tag: sanctions
Former Ethereum Developer Virgil Griffith Jailed For Role in North Korea Sanctions Evasion
Former Ethereum developer Virgil Griffith has been sentenced to more than five years in U.S. federal prison for helping North Korea evade sanctions. Griffith was arrested in 2019 and pleaded guilty la...
Ethereum Developer Gets 5 Years In Prison For Teaching North Korea Skirt Sanctions Using Crypto
An Ethereum engineer who gave a lecture on how to use blockchain technology in North Korea was sentenced to 63 months in prison on Tuesday. Cryptocurrency expert Virgil Griffith will pay a $100,000 fi...
Former Ethereum Developer Sentenced to Over Five Years for Helping North Korea Evade Sanctions
Alex Dovbnya Virgil Griffith, who assisted North Korea in evading U.S. sanctions, has been sentenced to over five years behind bars Former Ethereum developer Virgil Griffith, who has admitted to aidin...
The FBI’s takedown of Virgil Griffith for breaking sanctions, firsthand – Cointelegraph Magazine
Ethereum developer Virgil Griffith took a plea deal after breaking sanctions against North Korea and was formally sentenced earlier today— the final chapter in a two-year journey as bizarre as it is s...
Ethereum Developer Virgil Griffith Sentenced to 5+ Years in US Prison for Violating North Korean Sanctions – Regulation Bitcoin News
An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Kore...
CBN Sanctions Three Banks For Floating Crypto Regulation
TL;DR Breakdown The Central Bank of Nigeria(CBN) fines three commercial banks for violating its directive on cryptocurrency transactions. The banks sanctioned were Access Bank, Stanbic IBTC Bank, and ...
‘Crazy’ US sanctions against China, Russia ‘weaponise’ financial markets, threaten to undermine dollar, former HKMA chief Joseph Yam says
The eminence grise of Hong Kong’s banking circles has come out swinging against the United States in an unusual webinar that set a strident tone against the economy with which the city’s c...
Iran Says $7 Billion In Frozen Funds About To Be Returned To Tehran
Tehran cityscape. with the Alborz mountains in the background. getty Iranian media have reported that a deal is about to be struck for $7 billion in funds that are currently frozen in overseas banks t...
Historic Russian Debt Default Creeps Closer As Moscow Threatens Legal Action Over Crippling Sanctions
Topline With tightening sanctions making it increasingly difficult for Russia to pay its debt, the nation is edging closer to its first default in more than a century, credit ratings agency Standard &...
Russian Railways crashes into default as sanctions hammer Moscow
Russian Railways debt default bond Moscow sanctions war Ukraine – REUTERS/Maxim Shemetov/File Photo Russian Railways has been ruled in default on a bond after missing an interest payment last mo...
EU Welcomes Fifth Round Of Sanctions: Bans High-Value Crypto Services to Russia
On Friday, the European Commission introduced the fifth round of restrictions in response to Russian military aggression against Ukraine. The EU has limited the Russian Crypto Wallet Deposits to €10,...
EU Bans High-Value Crypto Services to Russia in New Round of Sanctions – Coinotizia
European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision ...
EU Bans High Value Crypto Services to Russia Aimed at Closing Sanctions Loopholes
The European Union is taking further steps to sanction Russia following the invasion of Ukraine. Announced today, the EU has introduced a prohibition on “providing high-value crypto-asset servic...
Sanctions were supposed to crush the Russian ruble. So why did it just hit a 2-month high?
Western sanctions have devastated Russia’s economy since the war in Ukraine started, and for a while, the ruble was also hit hard, losing roughly 20% of its value in the first few weeks followin...
Russian crypto sanctions continue as EU targets wallets and exchanges
Crypto wallets, banks, monetary standards, and trusts in Russia are in a bid to close potential provisions which could permit Russians to move cash abroad could be hit The European Union on Friday d...
EU Targets Crypto Wallets With the Latest Package of Sanctions Against Russia
The European Union (EU) has imposed the fifth round of sanctions against Russia in light of its continuing war against Ukraine. The council has targeted cryptocurrency wallets as it aims to close pote...
EU Imposes Fifth Round of Sanctions on Russia Targeting Crypto
The fifth wave of sanctions also involved a new ban on four major Russian banks which makes up about 23% of the market share in the Russian banking sector. The European Union (EU) has announced a new ...
EU restricts crypto services to tighten sanctions against Russia and Belarus
TL;DR Breakdown The European Union has imposed another round of economic sanctions on Russia and Belarus as the Ukraine crisis prevails. The EU has extended the sanctions to prevent possible sanction ...
EU Tightens Crypto Sanctions Against Russia and Belarus
The European Union introduced another round of economic sanctions on Russia and Belarus as the conflict with Ukraine escalated. The European Union extended prohibitions on deposits to crypto wallets, ...
EU Issues Fresh Russia Crypto Sanctions
Key Takeaways The European Union has imposed a ban on “providing high-value crypto-asset services to Russia.” It says the measures will close “potential loopholes” that allow Russia&...
U.K., EU Sanctions Take Aim At ‘Lavish Lifestyles’ Of Putin’s Daughters
Topline The U.K. government on Friday announced sanctions on the adult daughters of Russian President Vladimir Putin and the European Union will reportedly follow suit mirroring U.S. measures imposed ...
Nigerian Central Bank Sanctions Banks For Enabling Crypto Transfers
The sanctions are a part of CBN’s efforts to discourage cryptocurrency usage and to firmly establish commercial restrictions on cryptocurrency trading. The Central Bank of Nigeria (CBN) has penalized ...
US sanctions threat if China aids Russia stirs fear in Beijing about forex assets
Washington’s financial sanctions on Russia for invading Ukraine have raised concern in China over its large exposure to US government bonds, although experts say there is no real alternative for...
Yellen says crypto hasn’t been used for significant Russian sanctions evasion so far
United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed o...
Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions – Regulation Bitcoin News
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western r...
Congresswoman calls Yellen to account for work on targeting crypto in Russian sanctions evasion
Lawmakers want more answers on the Treasury’s work targeting crypto in Russia’s sanctions evasion. On April 6, Janet Yellen, secretary of the US Treasury Department, testified before the H...
Sanctions Starting To Be Felt Everywhere
SOLEDAR, UKRAINE – FEBRUARY 27: Soldiers in the Ukrainian Army (Photo by Scott Peterson/Getty … [+] Images) Getty Images The United States is bringing a new round of sanctions targeting Ru...
DOJ Charges Russian Oligarch Malofeyev With Sanctions Violations, Disrupts Botnet
Topline The Department of Justice charged Russian oligarch Konstantin Malofeyev with sanctions violations—for a scheme allegedly pursued nearly a decade ago—according to an indictment unsealed on Wedn...
European Stocks Set for Retracement Following Hawkish Fed Sentiments & Fresh Russian Sanctions
The Fed plan to reduce its balance sheet and raise interest rates is already impacting European stocks, with several indexes set to decline. European stocks may likely pullback following a new wave of...
Bitcoin and Stocks Dip on Fed and Russia Oil Sanctions Speculation – Trustnodes
Bitcoin fell just below $44,000 on line with Nasdaq and other stocks that are seeing red for the past two days after a green Monday opening. Bitcoin started falling on Tuesday from $47,000, with it co...