The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Ira...
Tag: sanctions
The OFAC Answers Questions About The Tornado Cash Sanctions, Uncertainty Remains
The Tornado Cash situation is a riddle wrapped up in an enigma. Why did the OFAC sanction a piece of software? And why did Dutch authorities arrest a sole developer? Those are not the question we’ll a...
U.S. Treasury Clarifies Key Points on Tornado Cash Sanctions
Key Takeaways The U.S. Treasury published new guidance on the subject of the Tornado Cash sanctions on its website today. The Treasury acknowledged the possibility that Tornado Cash was used for legit...
Crypto Investor Paradigm Argues Infrastructure Providers Should Not Be Subject to US Treasury Sanctions
Paradigm acknowledged that sanctions can be an important tool to preserve national security, but said it believes base layer participants merely record and order data (which may include sanctioned add...
Tornado Cash Users Effected By Sanctions Sue The U.S. Treasury Department
The U.S. Treasury Department’s move to blindly put a ban on Tornado Cash consequently brought a lawsuit against Treasury Secretary Jannet Yellen and other officials of its departments. The six affecte...
Coinbase to Finance User’s Lawsuit Against Treasury Department for Tornado Cash Sanctions
Coinbase is supporting a lawsuit against sanctioning an Ethereum-based crypto mixer, Tornado Cash. The exchange is financing the lawsuit against the U.S. Treasury Department that currently features si...
Coinbase Backs Lawsuit against US Treasury over Tornado Cash Sanctions
Coinbase, the largest U.S.-based cryptocurrency exchange, is helping organize and pay the costs of a lawsuit against the U.S. Treasury Department over its sanctions on Tornado Cash. Six individuals, ...
Coinbase backs lawsuit aimed at Treasury’s Tornado Cash sanctions
Several employees of leading crypto exchange Coinbase are filing suit to roll back last month’s Tornado Cash sanctions. Coinbase itself is financially backing the suit. The lawsuit centers on a...
Coinbase Says It Is Funding Lawsuit Against Tornado Cash Sanctions
Crypto exchange Coinbase on Thursday said it is funding a lawsuit brought by six people challenging the Treasury Department’s sanctions of Tornado Cash. Tornado Cash, often referred to as a crypto mix...
Coinbase funds lawsuit against Treasury Department over Tornado Cash sanctions
Cryptocurrency exchange Coinbase (NASDAQ: COIN) is funding a lawsuit against the United States Treasury Department filed by users of the Ethereum (ETH) mixing service Tornado Cash. The lawsuit was fi...
Russia Wants to Use Stablecoins to Get Around Western Sanctions
Russia is advancing its crypto strategy to circumvent Western sanctions. Deputy Finance Minister Alexey Moiseyev today said the country is exploring stablecoins to make payments with “friendly countr...
Pro-Russian separatist claims crypto sanctions evasion is easy in Georgia
A pro-Russian separatist has moved to Georgia, where he’s teaching Russians how to avoid sanctions and make an alleged profit through crypto trading. 22-year-old Deev Daniil Nikolayevich, who holds a ...
Russia demands sanctions are lifted before it resumes gas supplies
Putin gas Nord Stream energy crisis Europe blackouts rationing – GAVRIIL GRIGOROV/SPUTNIK/KREMLIN POOL/EPA-EFE/Shutterstock Russia will not restart gas supplies to Europe through a key pipeline ...
UK includes crypto assets in sanctions against Russia
Listen to this article. Crypto exchanges operating in the UK will now flag up any suspicious transactions involving crypto assets that are linked to sanctioned Russian individuals or entities. The nat...
Paul Pelosi cut his losses on Nvidia in July amid intense scrutiny — and was able to sidestep another 16% plunge prior to US sanctions on chip sales
Paul Pelosi cut his losses on Nvidia in July amid intense scrutiny — and was able to sidestep another 16% plunge prior to US sanctions on chip sales If Keith Gill and wallstreetbets are names that exc...
Iran Takes Cryptocurrencies As Payment For Imports As Sanctions Intensify
Faced with intensifying global trade sanctions over its nuclear program, Iran is adopting crypto payment for imports into the country. Iran’s Trade Ministry, represented by Minister Reza Fatemi Amin h...
Iran Attempts to Avoid Import Sanctions With New Crypto Laws
The Iranian government has officially approved the usage of crypto as a payment method for importing goods as the country is looking for new ways to circumvent sanctions. The new law legalizes the us...
Iran allows use of crypto for imports amid sanctions
A new law from Iran is allowing the use of crypto in the processing of imports, according to semiofficial Iranian news agency Tasnim. The change comes under an agreement between the Ministry of Indus...
Can Privacy-Focused Bitcoin Projects Avoid OFAC Sanctions?
Just as a bank protects its customers’ financial activities, privacy tools like mixers are designed to protect Bitcoin users’ activities from prying eyes. Sure, some people take advantage of mixers fo...
Iran Could Circumvent Sanctions With New Crypto Law
Key Takeaways Iran has legalized the use of cryptocurrencies for imports. The law, which the Minister of Industry, Mine, and Trade called comprehensive and detailed, includes new regulations surroundi...
Iran Allows Trading and Imports Using Crypto to Avoid Sanctions
Bitcoin News In a historic first, Iran has placed a $10 million import order with cryptocurrency. Within Iran’s borders in 2019, cryptocurrency trading was prohibited. According to Industry Mines and ...
Last Week [In] Crypto: Ethereum Merge, Crypto Sanctions, Illegal Crypto Mining
In the last five months, authorities in Iran have arrested more than 9,000 unlawful crypto mining rigs in Tehran. Be[In]Crypto has gathered some of the most important stories from the past week in the...
US Sanctions Limiting Privacy Software Use, Crypto Firms
Earlier this month, the U.S. Treasury Department sanctioned a ban on Tornado Cash, a crypto privacy tool that mixes funds of different users to hide original source of crypto funds. The authority alle...
SBI Holdings terminates previously unknown deal with BitRiver: CoinDesk
SBI Holdings, a Japanese securities and banking giant, has ended its mining operations in Russia and cut ties with the sanctioned Russian bitcoin miner BitRiver. SBI Holdings had previously kept its...
Why Tether Is Not Blacklisting Tornado Cash Accounts Despite U.S. Sanctions?
Tether is reportedly not blacklisting Tornado Cash addresses. Following US sanctions, several crypto entities have taken to proscribing addresses associated with crypto mixer Tornado Cash. These entit...
Despite US Sanctions, Tether Continues To Support Tornado Cash: Report
The world’s largest stablecoin issuer, Tether, may not be complying with the U.S. Treasury Department’s sanctions against crypto transaction privacy mixer Tornado Cash, according to a report today fro...
Tether says it’s not freezing Tornado Cash addresses until government tells it to
Tether is upholding its decision not to freeze sanctioned wallet addresses with ties to Tornado Cash because it has not received any requests from US law enforcement or regulators to do so, the compan...
Cryptocurrencies used to circumvent sanctions
It has been talked about for a long time that digital currencies could be used by the Russians, as well as North Korea or Iran, to circumvent tough sanctions imposed by the international community. Ge...
Coin Center Condemns Tornado Cash Sanctions
Coin Center’s Peter Van Valkenburg, said OFAC’s decision to sanction Tornado Cash and 45 related Ethereum addresses exceeds its authority Code is not the same type of “property” Congress allows OFAC t...
Coinbase Launches New Token, Will It Ease Sanctions Uncertainty
Coinbase is allowing its users who stake Ethereum to receive a new utility token. The new token is an ERC-20 token, called Coinbase Wrapped Staked ETH. The new token is a liquid representation of stak...
Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say – Mining Bitcoin News
The changing geopolitical and economic environment, as well as persisting differences between responsible government institutions, are hindering the advance of legislation tailored to regulate cryptoc...