More than $160 billion in tax revenue is lost every year because the top 1% finds ways to avoid paying “their fair share,” according to academic research cited by the Treasury Department. What tactics...
Tag: skirt
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...
Russia Could Replicate Iran’s Strategy To Skirt Oil Sanctions
The ban by the European Union (E.U.) on Russian oil imports by sea, in the first instance, is likely to affect around 75 percent of Russia’s crude oil delivery to the bloc, with this figure rising to ...
Indian Crypto Exchanges Go P2P to Skirt Payment Channel Restrictions
India’s crypto industry is constantly seeking ways to circumvent government and banking restrictions to serve the increasing demand for digital assets in the country. A number of Indian cryptocurrency...
Ethereum Developer Gets 5 Years In Prison For Teaching North Korea Skirt Sanctions Using Crypto
An Ethereum engineer who gave a lecture on how to use blockchain technology in North Korea was sentenced to 63 months in prison on Tuesday. Cryptocurrency expert Virgil Griffith will pay a $100,000 fi...