Key Takeaways ECB president Christine Lagarde has expressed concern that cryptocurrency is being used to evade sanctions placed on Russia. Lagarde joins a vocal list of politicians who share the same ...
Tag: sanctions
ECB President Warns Crypto Companies Against Helping Russians Avoid Sanctions
The President of the European Central Bank, who’s safe to describe as a cryptocurrency critic, asserted during today’s conference that the institution has noticed digital assets are being used by Russ...
KUNA Founder Alleges Binance Working With Russia Despite Sanctions
Michael Chobanian, the founder of the Ukrainian cryptocurrency exchange KUNA, has leveled serious allegations against Binance. Chobanian has alleged that despite sanctions in place against Russia, Bin...
FinCEN Warns Russia Not To Use Cryptocurrency To Evade Sanctions
The FinCEN, an agency of the US treasury department, has informed all financial institutions that Russia may likely consider using cryptocurrency to evade sanctions associated with its military activi...
Europe divided over Russian oil sanctions
French president Emmanuel Macron – Anadolu Agency/Getty EU leaders are deadlocked over whether to hit the Russian energy sector with crippling sanctions as fury mounts over the Kremlin’s “war cr...
FTX CEO Denied Allegations About Russians Using Crypto to Avoid Sanctions
Sam Bankman-Fried, During the current conflict between Russia and Ukraine, he is dissatisfied with the general impression of the bitcoin sector. With the start of the conflict between Russia and Ukrai...
Will Belarus Lure Crypto Miners Amid Sanctions, Russia-Ukraine War?
While the Belarussian power grid, inherited from the USSR., has depreciated, its condition is not as critical as those in Kazakhstsan or Kosovo, BiXBiT’s Klentsov said. Theoretically, if there is a hu...
White House to Meet With Exxon, Other Firms on Russia Sanctions
(Bloomberg) — President Joe Biden’s administration will brief banks, energy companies and other firms Monday on the impact of Russia’s invasion of Ukraine and ensuing sanctions. Most Read from B...
FTX CEO Calls out crypto Industry for being complied with sanctions against Russia
FTX CEO Sam Bankman-Fried has chastised the crypto sector for not communicating its policy around Russian sanctions. According to Sam Bankman-Fried, exchange policies toward Russia look to be anti-reg...
We Don’t See That Crypto Could Be Used in Large-Scale Way to Evade Sanctions – Regulation Bitcoin News
The U.S. Department of the Treasury does not see that cryptocurrency could be used in a large-scale way to evade sanctions. “Its share as a medium for illicit finance is not anywhere as large as just ...
Oligarch Roman Abramovich’s $50 million Colorado mansion could become a sanctions target
A Rocky Mountain mansion owned by Russian oligarch Roman Abramovich would likely be among the first assets frozen by the U.S. government if he is sanctioned by the White House in response to the war i...
Russia is not circumventing sanctions with Bitcoin
There is a lot of talk these days about the possibility that Russia could use Bitcoin to circumvent international sanctions. Why can’t Russia use Bitcoin to circumvent sanctions? The founder and CEO ...
BitMEX CEO predicts dire economic effects after Russia sanctions
The former CEO of BitMEX, Arthur Hayes, has predicted that the recent sanctions imposed against Russia could lead to dire economic effects. Hayes has predicted that there will be an influx of investme...
FTX CEO criticizes crypto exchanges over their stand on Russia sanctions
Cryptocurrency exchange platforms have been under intense pressure from global regulators to ensure that Russia does not use crypto to avoid Western sanctions. The CEO of FTX, Sam Bankman-Fried, has e...
FTX CEO Frustrated With Allegations About Russians Using Crypto to Bypass Sanctions
With the start of the war between Russia and Ukraine, cryptocurrencies have taken a few roles, being sent as donations to aid the attacked nation but also in speculations that Russian oligarchs used s...
FTX CEO Expresses Concern Over Perceived Stance Of Exchanges On Sanctions ⋆ ZyCrypto
Advertisement     SBF believes crypto exchanges are not effectively communicating their stance on Russian sanctions. Recently politicians have mounted pressure on exch...
Instant Grocery Delivery App Buyk Files for Bankruptcy After Russian Sanctions
(Bloomberg) — Rapid grocery-delivery app Buyk Corp. filed for bankruptcy and will permanently shut down after fallout from Russia’s invasion of Ukraine restricted the startup’s access to funding...
Here’s how the new sanctions bill could hurt the crypto industry
Yesterday, a group of democratic co-sponsors led by Senator Warren introduced a bill titled the Digital Asset Sanctions Compliance Enhancement Act. The bill presents certain precautions to properly pr...
US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional – Regulation Bitcoin News
U.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build,...
FTX CEO Criticizes Industry Stance on Russia Sanctions
Key Takeaways FTX CEO Sam Bankman-Fried has criticized exchanges for making their Russian policies appear to be against regulation. Bankman-Fried says that he takes issue with the presentation of thos...
Warren’s Crypto Troubles: Sanctions Bill Irks Community
Many crypto advocates and experts have thoroughly criticized Senator Warren’s crypto bill, calling it unconstitutional, unnecessary, and overboard. Digital Assets Sanctions Bill Proposed On Thursday,...
Stop crypto to circumvent sanctions on Russia
Senator Elizabeth Warren has introduced a bill that aims to target exchanges that allow Russia to circumvent sanctions with cryptocurrencies. Cryptocurrencies and Russia sanctions: the bill The new ...
Former CEO Says Russia Sanctions Will Push Bitcoin Price Towards $1M
Arthur Hayes has written an extended post explaining how the economic sanctions against Russia will result in a new monetary era. This era could see both gold and bitcoin rise in value as investors tu...
Amid Sanctions, Russia’s Sberbank Secures License to Issue Digital Assets
A day after Ukraine legalized the use of digital assets in the country, Russia’s largest lender Sberbank secures the license to issue digital assets in the country. On Thursday, March 17, the Russian ...
US lawmakers discuss crypto’s role in sanctions, national security and humanitarian aid
Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illi...
Sen. Elizabeth Warren Introduces New Sanctions Bill for Crypto Firms
On Thursday, Senator Elizabeth Warren (D-MA) introduced a bill that aims to enforce U.S. sanctions across the global cryptocurrency industry. The Digital Asset Sanctions Compliance Enhancement Act com...
Warren’s Crypto Sanctions Bill Aims to Crack Down on Russia, Track Wallets With Foreign Ties
In brief Senator Elizabeth Warren has proposed a new bill that enhances the U.S. government’s ability to clamp down on Russian cryptocurrency use. The bill also has a provision that requires U.S. taxp...
Christopher Wray: Russia Will Have Difficulty Using Crypto to Avoid Sanctions
Christopher Wray – the director of the Federal Bureau of Investigation (FBI) – says that Russia overestimated its abilities to use crypto to fight sanctions imposed by the United States and its allies...
Rep. Brad Sherman to propose companion to senate’s crypto sanctions bill
advertisement Rep. Brad Sherman teased a companion bill to proposed legislation in the Senate that would empower the Treasury with the ability to compel crypto exchanges to block transactions with all...
How blockchain intelligence can prevent Russia from evading sanctions
As pointed out by Caroline Malcolm, Head of International Policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track fun...
G7 intensifies measures against Russia while Japan sanctions against crypto usage
G7 countries decided to strengthen their sanctions against Russia Japan announced that it is sanctioning Russian crypto IP’s The penalties vary from up to three years in prison or 1 million yen The w...
Senator Elizabeth Warren introduces bill targeting Russian crypto use amid sanctions
Senator Elizabeth Warren has introduced new legislation targeting Russian crypto use. Warren announced the introduction of the “Digital Asset Sanctions4Compliance Enhancement Act” during a...