Bittrex will pay the U.S. Treasury Department’s sanctions US Treasury alleged that it maintained a poor compliance program between 2014 and 2017. Bittrex acknowledged that it had allowed users from sa...
Tag: sanctions
Crypto Service Providers Restrict Russians Amid Recent Sanctions
Bitcoin News Crypto.com had added Russia to the list of nations it would not provide service. Bitmex, another marketplace, will also implement new limits. A number of service providers in the sector h...
Russia Turns To Stablecoins In Droves As Sanctions Bite Even Harder ⋆ ZyCrypto
Advertisement     Russians have hopped on stablecoins to circumvent Western sanctions to send trading volumes to new highs. The decision by SWIFT to kick out Russian b...
Blockchain.com To Shut Down Russian Accounts After New Sanctions
Wallet service provider blockchain.com has announced that it will begin to shut down accounts belonging to Russian nationals. The announcement comes after the European Union (EU) announced more sanct...
Blockchain.com closes crypto custody for Russians amid EU sanctions
Crypto wallet provider Blockchain.com is the latest company to soon cease to provide services to Russian nationals due to the latest sanctions by the European Union. Blockchain.com has notified its us...
Blockchain.com To Stop Crypto Accounts Of Russians Due To EU Sanctions
In a letter directed towards its users, Blockchain.com, a crypto wallet has mentioned that it shall block accounts of Russian nationals starting October 27, 2022. Blockchain.com will cease to provide ...
Crypto.Com and Blockchain.Com Move to Block Russian Accounts Following EU Sanctions
– Advertisement – Exchanges Crypto.com and Blockchain.com notify Russian users of account restrictions in response to recent EU sanctions. Due to its sustained attacks on Ukraine, Russia h...
Several crypto exchanges reportedly block Russian users because of EU sanctions
Several crypto platforms like Blockchain.com, Crypto.com, and LocalBitcoins have reportedly banned Russian users from using their services, citing the new European Union sanctions. Media reports said ...
Blockchain.com, Crypto.com Bans Russians After New EU Sanctions – Trustnodes
Blockchain.com, one of the biggest and oldest crypto wallet with 80 million users, has reportedly banned Russians from the platform. Local media reports that the crypto wallet informed Russian users t...
Crypto exchange Bittrex fined $24 million for sanctions violation
The U.S. Treasury Department announced on Tuesday that it had fined Bittrex $24 million, which is the largest fine imposed on a crypto business for violating sanctions. According to a report in the Ne...
Russians Can Kiss NFTs Goodbye As Dapper Labs Restricts Russian Users Citing EU Sanctions ⋆ ZyCrypto
Advertisement     As sanctions between Russia and the EU tighten, Dapper Labs has restricted the accounts of Russian users. Russian users are now unable to sell, purch...
Coin Center Sues Over Treasury’s Tornado Cash Sanctions
Users that are “dusted” still face criminal liability and reporting obligations, suit alleges Outcome of lawsuit will be precedent-setting in whether the Treasury can continue sanctioning code Non-pro...
Coin Center files lawsuit against US Treasury over Tornado Cash sanctions
United States-based crypto policy advocacy group Coin Center has followed through with its intention to take the Treasury Department’s Office of Foreign Asset Control, or OFAC, to court over sanctioni...
Crypto Exchanges Still Available to Russians Despite Latest EU Sanctions, Report Unveils – Exchanges Bitcoin News
A list of crypto exchanges, including global platforms, have not introduced new restrictions on Russian users after the EU’s most recent sanctions round, Russian crypto media reported. The latest Euro...
Coin Center sues US Treasury over Tornado Cash sanctions
Crypto advocacy group Coin Center has filed a lawsuit against the U.S. Treasury Department for overstepping its legal authority by sanctioning Tornado Cash, which allegedly impedes the privacy rights ...
Coin Center Files Lawsuit against Treasury over Tornado Cash Sanctions
Backing a second lawsuit, Coin Center sues the Treasury Department and the Office of Foreign Asset Control (OFAC) over its sanctions on the Ethereum mixer, Tornado Cash. Coin Center, Washington, DC-b...
Crypto Exchange Bittrex Slapped with Massive Fine for Sanctions Violations
Alex Dovbnya Bittrex’s fine could have been much higher, but OFAC determined that its violations were “non-egregious” Cryptocurrency exchange Bittrex has been slapped with a $30 mill...
Crypto Think Tank Coin Center Sues US Treasury Over Tornado Cash Sanctions
“An order effectively requiring Defendants to decriminalize use of the 20 Tornado Cash addresses would allow Plaintiffs to conduct their legitimate activities with some measure of anonymity, use their...
Coin Center Sues OFAC Over Tornado Cash Sanctions
Crypto think tank Coin Center has been one of the most critical voices against the U.S. Treasury and the sanctions imposed on the Ethereum-based decentralized exchange (DEX) Tornado Cash. The platform...
US Treasury Fines Bittrex Exchange $29m for Multi-Year Sanctions Violation
Washington-based cryptocurrency trading platform, Bittrex Has been fined the sum of $29 million by the United States Treasury Department through the Office of Foreign Assets Control (OFAC) and the Fin...
Bittrex Crypto Exchange Fined $30M for US Sanctions Violation
Settlement marks OFAC’s largest enforcement action against a crypto business FinCEN imposed a separate fine covering violations of the Bank Secrecy Act Cryptocurrency exchange Bittrex agreed to pay th...
Treasury Fines Crypto Exchange Bittrex $53 Million for Sanctions Violations
The U.S. government has hit digital asset exchange Bittrex with fines of $53 million—the biggest fine on a crypto business by the Treasury Department to date. The Treasury’s Office of Foreign Assets ...
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator – Regulation Bitcoin News
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrenc...
Bittrex to pay $30M for sanctions violation
Crypto exchange company Bittrex agreed to pay $30 million for violating federal sanctions set by the U.S. Treasury Department. The settlement was announced by the U.S. Treasury Department’s Office of ...
Blockchain Developer Dapper Labs Announces Ban on Russian Accounts Following EU Sanctions
Dapper Labs, the company behind blockchain-based game CryptoKitties and layer-1 digital ledger the Flow (FLOW) network, is announcing restrictions on accounts linked to Russia. Dapper Labs says that f...
Bittrex Fined $30M for Sanctions Violations
Key Takeaways Bittrex has settled with the U.S. Treasury over allegations that it violated OFAC sanctions. The Treasury alleges Bittrex carried out the supposed violations between 2014 and 2017. While...
Hong Kong Refuses U.S. Calls To Seize Sanctioned Billionaire’s Docked Superyacht
Topline Hong Kong will not seize a superyacht linked to Russian billionaire Alexey Mordashov docked in its harbor, chief executive John Lee said on Tuesday, dismissing Western warnings that the city’s...
Dapper Labs Hits Russian Accounts With Restrictions, Citing EU Sanctions
Dapper Labs is restricting Russian accounts from using its payment services, the company said this week. The decision was made following sanctions imposed by the European Union on Thursday, targeting ...
EU’s Recent Sanctions Made Dapper Labs Bannin Russian Crypto Accounts
On 6th October 2022, prominent blockchain based services provider Dapper Labs announced the suspension of accounts belonging to Russian citizens following the newly imposed sanctions against Russia an...