Today the European Commission announced that they are adding cryptocurrencies to the sanctions on Russia. We are further tightening the net of sanctions responding to Russia’s military aggression aga...
Tag: sanctions
EU Clarifies “Crypto Assets” Are Included Among Sanctions
Key Takeaways The European Commission has issued a statement including clarification that cryptocurrencies are included among its sanctions list. The EU has levied harsh sanctions against Russia and B...
Russian, Belarus Economic Sanctions Apply to Crypto: European Commission
The European Commission has said cryptocurrencies are captured by targeted sanctions adopted by the EU in response to the conflict in Ukraine—as well as Belarus’ role in facilitating Russia’s invasion...
EU confirms crypto will be included in Russia sanctions as ‘transferrable securities’
advertisement The European Commission confirmed on Wednesday it would extend the remit of its sanctions against Russia and Belarus in light of the ongoing conflict in Ukraine, adding details on the cl...
Senator Warren seizes on fears over crypto and sanctions with new bill
United States Senator Elizabeth Warren is preparing a bill to crack down on the use of crypto as a way to avoid economic sanctions. Warren’s latest anti-crypto move comes alongside a push from the U.S...
Russian Crypto Market Continues To Boom Despite The U.S. Sanctions
According to a report from Bloomberg, sanctions against Russia haven’t dampened the enthusiasm of cryptocurrency investors. Bitcoin trading volume in Russian native currency, Ruble, has broken its all...
Thailand Seeks to Offer Russian Tourists Crypto Payment Option Amid Fiat Sanctions – Bitcoin News
A popular destination for many Russians, Thailand is now looking for ways to facilitate their payments amid widening western sanctions over Moscow’s military invasion of Ukraine. Cryptocurrency is one...
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency – Regulation Bitcoin News
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it ...
How A Former Under Secretary Of Defense Is Advising Companies To Navigate Ukraine War Disruptions
WASHINGTON – APRIL 02: U.S. Under Secretary of Defense (Policy) Michele Flournoy testifies during a hearing before the House Armed Services Committee on Capitol Hill April 2, 2009 in Washington,...
Sanctions on Russia, Switzerland ready to block cryptocurrencies
One of the particular effects of the Russia-Ukraine war is that it has succeeded in breaking Switzerland’s historic neutrality. Switzerland is now ready to freeze the cryptocurrency assets of Moscow’s...
Why No One From Ripple To Russia Has Been Able To Topple The SWIFT Monopoly
Secretary of State Antony Blinken and European Commission President Ursula von der Leyen in … [+] Brussels. The U.S. and its European allies have joined together to ban Russia from SWIFT, among ...
Crypto Still Isn’t Helping Russian Oligarchs Evade Sanctions
But what if we look to individuals, such as, say, the dozens of Russian oligarchs who now find themselves on the Treasury Department’s Office of Foreign Asset Control’s Specially Designate...
Russia reports crypto transactions despite US and European sanctions
TL;DR Breakdown • Russian fiat currency trades remain balanced for a while.• Ukrainians convert local currency to USDT after Russia attack Upon the increase in intensity of conflicts in Russia and Ukr...
Russia may attempt to evade sanctions through crypto, warns FinCEN
The US Financial Crimes Enforcement Network, or FinCEN, a Treasury Department division, has warned financial institutions that cryptocurrency might be used by Russia. They suspect Russia will use cryp...
Estonia Calls to Restrict Crypto Amid Fears of Russian Sanctions Evasion
Estonia’s Prime Minister, Kaka Kallas, has warned against the use of crypto to avoid sanctions amid Russia’s invasion of Ukraine, per Reuters. “Our focus must be on full isolation o...
Coinbase Conforms To Sanctions, Blocks 25,000 ‘Illicit’ Russian Crypto Wallet Addresses
Coinbase, the largest cryptocurrency exchange in the United States, announced Monday that it had blocked more than 25,000 cryptocurrency wallet addresses associated with Russian persons or businesses ...
Sanctions Bite – Netflix, & American Express Rejects Russia
American Express has suspended all operations in Russia PricewaterhouseCoopers will be losing its Russia-based firms Around 3,700 partners and employees will be affected As approvals nibble, Netflix –...
Trezor Cuts Down Wallets to Russia Post Sanctions
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FinCEN includes crypto in alert on Russia potentially evading sanctions
The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider crypto as a possible means Russia may attempt to u...
Coinbase clarifies they were already participating in Russian sanctions
Today, Coinbase’s CFO Paul Grewal posted on the platform’s blog page announcing that Coinbase was already supporting the legal sanctions against Russia as a part of their goal to protect the integrity...
US AML watchdog issues alert on potential crypto sanctions evasion from Russia
US authorities continue to be on high alert for Russia to use cryptocurrencies to evade the recent round of sanctions. On March 7, the Financial Crime Enforcement Network, or FinCEN, put out an alert...
Crypto Tech Can Ensure Sanctions Compliance, Says Coinbase
In the early days of Russia’s invasion of Ukraine, the fear amongst many financial and economic experts was that the country would be able to use crypto to evade whatever sanctions were being imposed ...
The CEO of FTX US explains why you can’t use exchanges to avoid sanctions
Brett Harrison, the CEO of FTX US, said that recent public assertions that crypto is an effective means of evading sanctions couldn’t be more wrong. Harrison said that regulated cryptocurrency exchang...
Sanctions Will Weigh Heavily
Vladimir Putin. (Photo by Sasha Mordovets/Getty Images) Getty Images Russian aggression has called forth a powerful reaction from the United States and its allies. Many on both sides of the Atlantic a...
Russian Ruble Crashes Further Against Bitcoin As Oil Sanctions Loom
Russia’s ruble sank 26% to a record low against Bitcoin on Monday, extending losses as the United States said it was mulling sanctions on Moscow’s oil exports. One Bitcoin is now worth over 5 million ...
Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine – Finance Bitcoin News
The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the ...
Coinbase proposes crypto tech to promote global sanctions compliance
The United States-based crypto exchange Coinbase has proposed the use of cryptocurrencies to help ensure compliance with economic sanctions. The recommendation comes along with highlighting the ease o...
Sanctions Bite – Netflix, American Express, 2 Major Accountancy Firms Reject Russia
As sanctions bite, Netflix – the world’s largest streaming entertainment provider, American Express, and prominent accountancy firms KPMG and PricewaterhouseCoopers – severed connections with Russia o...
Asian markets tumble as oil prices shoot higher amid calls for more sanctions against Russia
TOKYO — The price of oil jumped more than $10 a barrel and Asian markets were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Brent c...