Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Ru...
Tag: sanctions
White House, G7 Say New Guidance Is Coming on Crypto Sanctions Evasion
“It’s hard” to move billions of dollars worth of crypto, Redbord noted. It’s possible some oligarchs might turn to crypto, but that may not be their first choice. Redbord, who ...
Chainalysis Introduces Free Sanctions Screening Tools for Crypto Industry
In light of global trade restrictions against Russia, Chainalysis has introduced two new tools for helping businesses ensure that they don’t interact with sanctioned entities through blockchain. Enfor...
UK regulators warn crypto firms aren’t exempt from Russian sanctions rules
advertisement The Bank of England, HM Treasury and the Financial Conduct Authority issued a joint statement on sanctions and crypto assets amid Russia’s invasion of Ukraine. The statement is th...
G7 and EU Impose Fresh Crypto Sanctions on Russia
Key Takeaways G7 member countries, alongside the EU, imposed further sanctions on Russia today. A prominent theme of the new sanctions was the need to crack down on the use of cryptocurrency to circum...
In light of Russia sanctions, Senate to hold hearing on crypto in illicit finance
advertisement The Senate is exploring crypto’s use in sanctions evasion next week. The Senate Banking Committee announced the hearing, entitled “Understanding the Role of Digital Assets i...
White House reiterates that the Treasury is on the lookout for crypto in Russian sanctions evasion
advertisement In a March 11 fact sheet on sanctions on Russia, the White House is once again spotlighting crypto as an area of concern. The fact sheet spotlights coming “New guidance by the Depa...
UK Sanctions 386 Russian Politicians For Backing Ukraine Invasion
Topline The U.K. government on Friday sanctioned 386 Russian politicians who voted to recognize the independence of two separatist regions in Ukraine, following earlier sanctions on Russian oligarchs,...
Chelsea FC at risk amid sanctions on Russian oligarch Abramovich
Chelsea’s stadium, Stamford Bridge is seen through trees in London on March 10, 2022, as Chelsea’s Russian owner Roman Abramovich was hit with a UK assets freeze and travel ban, throwing h...
How Are FX Brokers Responding to Russian Sanctions?
Western governments reponed to the Russian invasion of Ukraine with a barrage of economic sanctions. The major one is the European Union’s ban of seven Russian commercial banks from accessing the inte...
Fears of Using Crypto to Evade Sanctions Prompts FinCEN to Alert Financial Institutions
FinCEN has advised crypto trades and banks to be aware of the dubious development of crypto While it’s improbable that approvals forced on Russia will prompt huge scope crypto-centered avoidances, car...
Sanctions on Russia, Estonia, calls for restrictions on cryptocurrencies
Following calls to this effect by Ukrainian Vice-President and Minister of Technological Innovation Mykhailo Fedorov, for the first time ever, a Prime Minister of Estonia has specifically called for r...
Chainalysis launches free sanctions screening tools
Blockchain-data analysis firm Chainalysis has announced the fast-tracked launch of two primary ‘sanctions screening’ tools that it will provide free of charge to the cryptocurrency industry. Accordin...
White House Says ‘No Talks’ About Lifting Venezuela Oil Sanctions
Topline A senior Biden Administration official said the White House has not held discussions about easing oil sanctions on Venezuela, after a rare visit by an American delegation to Caracas on Saturda...
Russia Says It Has Enough Energy Buyers Even With Sanctions
(Bloomberg) — Russia has enough buyers for its oil and gas even as Western nations and their allies impose sanctions in response to the invasion of Ukraine, according to a top Kremlin official. ...
Russia overestimates its ability to bypass US sanctions using crypto
Christopher Wray, the director of the Federal Bureau of Investigation, said that fiat was a more likely avenue for Russia to explore in circumventing sanctions, given the United States’ ability to blo...
Republican lawmakers introduce bill targeting China’s CBDC on sanctions, privacy
Nine Republican senators have backed legislation aimed at directing the policy of U.S. government agencies around concerns that China’s digital yuan may be used to circumvent sanctions and compromise ...
US Senator Elizabeth Warren Drafts New Crypto Legislation Targeting Russian Sanctions Evasion: Report
As tensions between the United States and Russia spread across numerous sectors, Senator Elizabeth Warren is looking to crack down on potential cryptocurrency loopholes. According to an NBC News repor...
Xavier Rolet Resigns as PhosAgro Chairman amid Sanctions on Russia
Xavier Rolet has announced his official resignation as chairman of PhosAgro amid sanctions faced by the company over its ties to the Russian government, City AM reported. “In light of the announcement...
Russia to emerge with full bill of health, downplays sanctions
Russian Foreign Minister Sergei Lavrov gives an annual press conference on Russian diplomacy in 2021, in Moscow on January 14, 2022. Dimitar Dilkoff | Afp | Getty Images Russia’s foreign ministe...
Chainalysis makes new crypto sanctions monitoring tools free to the public
advertisement On March 10, blockchain analytics firm Chainalysis announced the launch of new tools for identifying crypto wallets that fall under sanctions. The announcement comes as crypto’s po...
Bitcoin Not a “Viable Workaround” to Russia Sanctions Says US Official – Trustnodes
A senior administration official has stated that bitcoin and cryptocurrencies are not a viable workaround for Russia to bypass sanctions. “On Russia, in particular, the use of cryptocurrency we do not...
EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus – Bitcoin News
The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Ru...
U.K. Sanctions Roman Abramovich And Six Other Russian Oligarchs, Freezes Assets Including Chelsea F.C.
Topline The U.K. government on Thursday sanctioned Russian billionaire Roman Abramovich, freezing all his assets including the English Premier League soccer club Chelsea, as part of a broader sanction...
Russia threatens to hold hundreds of planes hostage amid sanctions
Russia Ukraine sanctions airlines aviation lease – Kirill KUDRYAVTSEV / AFP Russia may block airlines from returning hundreds of leased planes to foreign companies as it fights back against west...
EU to Include Crypto Assets in Restrictions to Prevent Russia & Belarus From Evading Sanctions
In a press release dated 9 March, the European Commission has confirmed further targeted sanctions to block Russia from circumventing any rules. And since crypto was considered a possible loophole to ...
U.S. Senator Elizabeth Warren Drafts Bill To Prevent Russians From Evading Its Sanctions
Elizabeth Warren, senior United States senator from Massachusetts, is creating a bill in response to the anxiety regarding the evasion of U.S. sanctions put on Russians. Warren, along with other senat...
Sanctions on Russia and Belarus will include crypto — European Commission
The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in Ukraine. In a Wednesday statem...
Why Russian Sanctions Could Push Corporations Towards Crypto
Fragmentary adoption of crypto for trade with marginal nations is not, to be clear, good news on the whole. Post-9/11 banking restrictions, usually framed as “de-risking,” have already led to many ban...
EU Clarifies Crypto is Covered in Sanctions Against Russia, Belarus
The European Union made it clear that cryptocurrencies, which fall into the category “transferable assets,” are included in the financial sanctions imposed on Russia for its invasion of Ukraine. Addit...