The United States Treasury Department’s Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “t...
Tag: sanctions
U.S. Treasury Sanctions Tornado Cash (Again)
Key Takeaways The U.S. Treasury and its OFAC department have redesignated the sanctioned coin mixer Tornado Cash. The Treasury related the new sanctions to its broader efforts to defund North Korea...
New Treasury sanctions link Tornado Cash to North Korea’s nuclear weapons program
Despite industry pushback, the U.S. Treasury is not giving an inch in the fight over its sanctions on Tornado Cash. The Treasury’s Office of Foreign Asset Control has in fact added a desi...
US Treasury Adds to Tornado Cash Sanctions With North Korea WMD Allegations
In a statement, Treasury Undersecretary for Terrorism and Financial Intelligence Brian Nelson said, “today’s sanctions action targets two key nodes of the DPRK’s weapons programs: its increasing...
Sanctions on Russia Opened Domestic Markets for Foreign Crypto Issuers: Report
Cryptocurrencies remained among the burning topics during the Russia–Ukraine war. It had played a role from both the sides where war affected Ukraine received funds and aid from all over the world in ...
Binance Processed Around $8 Billion In Trade With Iran Despite Sanctions
Since the crypto industry has widened its boundary in recent years, it has pushed law enforcement agencies globally to supervise the digital assets ecosystem to prevent unpleasant activities. It resul...
Russia’s Central Bank promotes crypto as means of internationalizing embattled economy
The Central Bank of Russia is working on integrating crypto assets into the local financial system. The CBR released a report on digital assets, focusing on integrating them into financial systems. Ma...
Despite sanctions, the cryptocurrency exchange Binance let Iranian businesses transact $8 billion
Join Our Telegram channel to stay up to date on breaking news coverage Blockchain data reveals that cryptocurrency firm Binance has handled $8 billion worth of Iranian transactions since 2018 despite ...
Binance Helped Iranian Firms Trade $8 Billion Despite Sanctions
According to reports by Reuters cryptocurrency exchange Binance processed transactions of Iranian origin with a value of $8 billion since 2018 despite sanctions imposed by the U.S. that are intended t...
Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions
Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions, according to Reuters. Reportedly, approximately $7.8 billion has f...
Binance reportedly helped Iranian firms skirt sanctions and trade billions
As the cryptocurrency sector grows, the more involved it becomes in the current geopolitical intricacies. One example is the major crypto exchange Binance which reportedly helped Iranian firms avoid s...
Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says – Exchanges Bitcoin News
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes af...
Can Russia Circumvent EU Sanctions Through Cryptocurrency?
Russia has seemingly turned to cryptocurrency since the West decided to ‘punish’ the nation for its invasion of Ukraine. A list of sanctions had been imposed upon the country by the United States and ...
EU crypto sanctions against Russia has an unexpected enforcer
The Monetary Exchange of Singapore (MAS), the country’s central bank and financial regulator, reminded all authorized cryptocurrency exchanges in the country to comply with financial sanctions in pl...
Seagate to Cut 3,000 Jobs, Faces Charge of Violating Sanctions
(Bloomberg) — Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said it’s eliminating about 3,000 jobs and that big buyers of technology are cutting orders on concerns ...
Robinhood Plans to Hire Sanctions Investigators Ahead of Self-Custody Crypto Wallet Launch
Robinhood has released a detailed job ad for sanctions investigators, covering prior experiences and day-to-day tasks. Brokerage app Robinhood (NASDAQ: HOOD) is reportedly looking to employ the servic...
Robinhood Seeks Sanctions Investigators ahead of Self-Custody Crypto Wallet Launch
Robinhood is seeking to hire several Sanctions Investigators for its finance crimes compliance unit as it may be broadening its offerings, according to its official Linkedin page. The job description ...
Community needs to stop eating itself alive
Two prominent Ethereum figures said the ETH community must be more positive and focus more on solving its problems, rather than complaining about them. While Ethereum underwent its most ambitious upgr...
2 Venezuelans and 5 Russians Accused of Using Cryptocurrency to Evade Sanctions
The United States today announced the takedown of a Russian-Venezuelan network that used Tether (USDT) to trade outside the traditional banking structure, thus evading international sanctions. One of ...
Sam Bankman-Fried Pitches ‘Sanctions, Allowlists and Blacklists’ in Crypto
FTX boss Sam-Bankman Fried thoroughly broke down his ideal regulatory framework for the crypto industry on Wednesday. The billionaire said he is a proponent of regulation using blacklists or blocklist...
Don’t Expect Energy Sanctions To Stop Iran’s Crackdown
The Iranian government’s violent crackdown on protests stemming from the murder of Mahsa Amini by Iran’s Morality Police is driving the West to levy further sanctions against Iran. The US Treasury Dep...
U.S. Charges 5 Russians With Crypto Money Laundering to Evade Sanctions – crypto.news
The U.S. government recently announced charges against 5 Russian nationals and two oil traders for breaching sanctions. According to reports, the accused persons used crypto assets in sanction evading...
US Charges Russians, Venezuelans for Sanctions Evasion Using Cryptocurrency – Bitcoin News
A group of Russian and Venezuelan nationals have been charged by U.S. authorities for their roles in a scheme to circumvent Western sanctions and launder money on a global scale. They have been accuse...
Sam Bankman-Fried proposes standard for sanctions, licensing for DeFi protocols
FTX CEO Sam Bankman-Fried (SBF) said while the crypto industry needs to remain an open economy where peer-to-peer transfers and codes are free, regulatory oversight is crucial for sustainable innovati...
US Alleges 5 Russian Nationals Used Crypto as Part of Sanctions Evasion, Smuggling Scheme
Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva (also known as “Lana Neumann”), Timofey Telegin and Sergey Tulyakov are being charged with attempting to evade sanctions against Venezuelan oil producers...
Hackers Continue to Use Tornado Cash Despite US Treasury Sanctions
Tornado Cash, a privacy solution on EVM, was sanctioned by the US Treasury Department in August. Are hackers still using Tornado Cash despite sanctions? In August 2022, The US Treasury’s Office of For...
What new EU sanctions mean for crypto exchanges and their Russian clients
Nine months into the conflict between Ukraine and Russia, sanctions against the latter have continued to grow at an aggressive pace. This time around, legislators for the European Union announced that...