Topline The European Union will reportedly add Russian oligarchs including Sberbank CEO Herman Gref and aluminum tycoon Oleg Deripaska to its sanctions list as the bloc looks to impose harsher punishm...
Tag: sanctions
US Treasury Department Sanctions Russian Darknet Market and Crypto Exchange
Hydra Market is the largest and most widely used darknet market in the world. It was founded in 2015 and offers services such as ransomware-as-a-service (RaaS), hacking, counterfeit currency, illicit ...
Changpeng Zhao says crypto is terrible for avoiding sanctions
The CEO of Binance, Changpeng Zhao, has said that Russia cannot use cryptocurrencies to avoid Western sanctions. Zhao and other executives in the crypto space have argued that Russian oligarchs and in...
US sanctions world’s largest darknet market, Russian crypto exchange
The US Treasury has announced its latest sanctions targeting Russian cybercrime, this time against the largest darknet market in the world. On Tuesday the Treasury announced sanctions on Hydra market ...
US sanctions Russia’s largest darknet market and crypto exchange Garantex
The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex. In a Tuesday anno...
Biden Will Reportedly Ban New Russian Investments In Latest Round Of Sanctions
Topline The United States and its allies are planning to ban all new investment in Russia on Wednesday, several news outlets reported, part of a broader package of sanctions set to be issued just days...
Putin’s Daughters Reportedly May Be Hit With EU Sanctions After Bucha Massacre
Topline The European Union is considering sanctioning two daughters of Russian President Vladimir Putin, Bloomberg and the Wall Street Journal reported Monday, citing unnamed sources, adding them to a...
Binance CEO says Russia cannot use crypto to evade sanctions
Binance CEO Changpeng Zhao, commonly referred to as CZ, believes Russia cannot use cryptocurrencies to circumvent western sanctions. He said this during a recent interview with Richard Quest, the host...
Using Crypto to Avoid Sanctions Is A Myth
Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions. Cryptocurrencies have come in aid to the Ukrainian government as well as the severa...
EU Chief Von Der Leyen Will Visit Zelensky In Kyiv As More Countries Expel Russian Diplomats Over Bucha
Topline European Commission president Ursula von der Leyen will travel to meet Ukrainian President Volodymyr Zelensky in Kyiv this week, according to the chief spokesperson for the Commission on Tuesd...
Russia’s War In Ukraine Has Created ‘Potentially Explosive’ Economic Situation, Warns JPMorgan’s Dimon
Topline Russia’s invasion of Ukraine has created an “unprecedented” situation that could create economic turmoil around the world, warned JPMorgan chief executive Jamie Dimon in his annual letter to s...
More Sanctions Against Russia ‘On Their Way’ After Bucha Massacre Allegations—Here’s What To Watch For
Topline The European Union is readying a set of additional sanctions against Russia which may include curbs on oil and gas imports, the Financial Times reports, a move that comes amid growing outrage ...
Dimon Calls for More Sanctions on Russia, Expresses Pity for Fed
(Bloomberg) — JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon called for ratcheting up sanctions against Russia in response to its invasion of Ukraine and said the Federal Reserve m...
U.S. stock futures steady early Monday as traders weigh prospect of more sanctions on Russia
U.S. stock index futures were little changed early Monday as traders weighed the prospect of further sanctions on Russia over the war in Ukraine. After the S&P 500 index posted a third straight we...
Exness Hits $2T, Ronin Hack, Sanctions Evasion and NFTs: Editor’s Pick
It’s been another busy week in terms of news as a lot of development has happened in the forex, fintech and cryptocurrency industries. Finance Magnates has short-listed some of the top stories f...
Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says – Regulation Bitcoin News
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has n...
The world has synchronized on Russian crypto sanctions
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments a...
Supply Chain Woes, Inflation Crimp U.S. Producers’ Growth Potential
A pulling unit or workover rig providing maintenance on an oil well in the canyon country of Utah.. … [+] (Photo by: Jon G. Fuller / VWPics/Universal Images Group via Getty Images) VW Pics/Unive...
IMF States Sanctions Against Russia Might Dampen USD’s Supremacy and Increase Crypto Usage – crypto.news
The unprecedented financial sanctions against Russia, which froze most of Russia’s overseas assets, threaten to reduce the dollar’s dominance with time, as per IMF. The US and its allies slapped Russi...
Roman Abramovich Is Confirmed Owner Of Two Yachts In Antigua, Report Says
Topline Two yachts moored in Antigua are confirmed to belong to Roman Abramovich and could possibly be seized, the Financial Times said on Friday, the latest assets to come under scrutiny as Western c...
G7 Should Stop Russia From Evading Sanctions Using Crypto, BOJ Says – crypto.news
A Reuters report has stated that the Bank of Japan asked G7 nations to find common ways to regulate the crypto space amid the war. This call was triggered by the idea that Russians could be using cryp...
Japan Considers Stricter Crypto Regulations in Light of Russia Sanctions – Regulation Bitcoin News
Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative co...
IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance – Finance Bitcoin News
Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). ...
Crypto Gaining Steam, Despite Russian Sanctions, Says IMF Top Official
The U.S. dollar (USD) risks possible erosion as sanctions placed on Russia seem to be inspiring stronger crypto adoption, according to a top IMF official on Thursday. Gita Gopinath, first deputy direc...
What The Academy’s April 18 Meeting To ‘Discipline’ Will Smith Can Do
US actor Will Smith (R) slaps US actor Chris Rock onstage during the 94th Oscars at the Dolby … [+] Theatre in Hollywood, California on March 27, 2022. (Photo by Robyn Beck / AFP) (Photo by ROBY...
Sanctions Force Russia into Accepting Cryptocurrencies as Payment for Oil and Gas
Mar 31, 2022 at 13:15 // News The numerous sanctions imposed on Russia as a result of the invasion of Ukraine have caused further trade losses for the country. The ban on excluding Russian banki...
U.S. Targets Iranian Ballistic Missile Program With Fresh Sanctions
An Iranian flag flutters next to a ground-to-ground Sajil missile before being launched at an … [+] undisclosed location in Iran on November 12, 2008. (Photo: AFP via Getty Images) AFP via Getty...
Deputy U.S. Treasury Secretary Issues Stark Warning To Crypto Exchanges Who Don’t Follow Russian Sanctions
A top-ranking U.S. official is issuing a warning to crypto exchange platforms that fail to comply with the sanctions placed on Russia. In a new interview with CNBC, Deputy U.S. Treasury Secretary Wall...
Confirmed: Russians do not evade sanctions using crypto, Chainalysis
As Russia’s war in Ukraine continues, cryptocurrencies are taking on an important role in the conflict, but not in the capacity of evading sanctions on Russian entities or oligarchs. On the contrary, ...