1 / 8 Relevant items tagged with #Sanctions
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Binance Expands Access to Syrian Residents Following Suspension of US Sanctions
[Jun 12 1:15 PM] Binance has announced that it is now available to residents of Syria, allowing them to participate in the digital asset economy alongside its 270 million global users. This development follows the recent suspension of U.S. sanctions, which…
Latam Insights Encore: Trump’s Secondary Tariff Strategy Against Venezuela: Killing a Fly With a Nuke
[Apr 1 8:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the Trump administration’s newfound secondary tariff strategy and its application against…
Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement
[Mar 28 5:30 PM] The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan crude is starving the country of…
US Treasury Removes Tornado Cash From OFAC Sanctions List
[Mar 21 8:07 PM] Bitcoin Magazine US Treasury Removes Tornado Cash From OFAC Sanctions List The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative…
Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India
[Mar 14 11:30 AM] Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major…
US May Lift Russian Sanctions if Ukraine Talks Progress, Expert Says
[Feb 14 3:30 AM] The U.S. may lift sanctions on Russia if Ukraine negotiations progress, an expert says, as the Trump administration commits to immediate diplomatic talks amid shifting global economic alliances. Potential US Sanctions Relief on Russia Amid Ukraine…
Crypto Platform Deribit Bars Russian Nationals Due to EU Sanctions
Hungary Threatens to Block EU Sanctions on Russia, Citing 19 Billion Euros in Losses
[Feb 1 2:30 AM] Hungary is threatening to block EU sanctions against Russia, citing €19 billion in losses and accusing Brussels of failing to uphold energy security commitments, Prime Minister Viktor Orban warned. EU’s Russia Sanctions at Risk—Hungary Says…
Russia is free to use Bitcoin in foreign trade, says finance minister
[Dec 25, 2024 2:09 PM] Russia has all legal tools to use digital financial assets and Bitcoin in foreign trade, Finance Minister Anton Siluanov said.
Tornado Cash dev wants charges dropped after court said OFAC ‘overstepped’
[Dec 20, 2024 2:49 AM] Tornado Cash co-founder Roman Storm has petitioned a judge to drop the criminal charges against him after an appeals court found the Treasury unlawfully sanctioned the crypto mixer.
EU Bleeds €1.5 Trillion Under Anti-Russian Sanctions, Report
[Dec 13, 2024 6:30 AM] Russian Deputy Foreign Minister Alexander Grushko has claimed that the European Union has suffered financial losses exceeding €1.5 trillion (approximately $1.58 trillion) due to sanctions imposed on Russia. Speaking in Moscow, Grushko described…
China Prepares for Western Sanctions With Russia’s Economic Blueprint
[Dec 1, 2024 1:30 PM] China is closely studying Russia’s strategies for countering Western sanctions, viewing the situation as a model for preparing against similar economic measures in case of a Taiwan conflict. Beijing has reportedly formed an interagency group…
Big victory in Tornado Cash case as judge says OFAC exceeded authority
[Nov 26, 2024 11:59 PM] A US appeals court ruled the Treasury’s OFAC “overstepped” when it sanctioned crypto mixer Tornado Cash’s immutable smart contracts.
New Russian Sanctions May Spike Gas Prices in Europe, Experts Warn
[Nov 25, 2024 3:30 AM] U.S. sanctions on Gazprombank may disrupt payment processes for Russian oil and gas buyers, potentially increasing energy costs in Europe, according to experts cited by Tass. Analysts warn that seeking alternative payment methods, such as using…
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
[Nov 22, 2024 10:30 AM] Chinese banks have implemented additional compliance measures for payments from the United Arab Emirates (UAE), India, and Hong Kong, which have traditionally served as trade partners for Russia. These measures aim to identify Russian businesses…
Russia’s Foreign Trade Defies Western Sanctions, Official Claims
[Nov 22, 2024 3:30 AM] Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian…
Coin Center lawyers argue Tornado Cash is not property
[Nov 20, 2024 6:00 PM] The Coin Center lawsuit, first filed in 2022, noted that one plaintiff used Tornado Cash to protect his identity while donating money.
US lawmakers demand Treasury answer what it's doing about Tornado Cash
[Nov 19, 2024 3:31 AM] The Democrat members of Congress want answers from the Treasury on why Tornado Cash is still operating after being sanctioned.
BIS distances from Project mBridge amid BRICS sanctions concerns
[Oct 31, 2024 5:33 PM] Economic sanctions have a profound effect on international financial architecture, it turns out.
BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?
[Oct 30, 2024 9:30 AM] While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers…
US Sanctions on Russia Backfire, Elevating BRICS as a ‘Genuine Financial Threat’
[Oct 30, 2024 3:30 AM] Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former…
Russia Warns of Global Market Shock if Frozen Assets Are Tapped, Intensifies Sanctions Threat
Massive Turnout at BRICS Summit Proves West’s Strategy to Isolate Russia Failed
[Oct 25, 2024 5:30 AM] Western efforts to isolate Russia have faltered as 36 nations attended the BRICS Summit in Kazan, a Russian official has declared. The BRICS leaders summit, chaired by Russia, saw 22 high-level delegations, highlighting Russia’s continued…
Sanctions Backfire: European Exporters Suffer More Than Russia
[Oct 22, 2024 5:30 AM] European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized…
Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free
[Oct 22, 2024 3:30 AM] Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now…
Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control
[Oct 19, 2024 2:30 AM] A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s…
BRICS More Attractive Than EU, Says Serbia’s Vulin
Russia-Based Evil Corp Faces New US Sanctions
[Oct 4, 2024 3:30 AM] The U.S. Treasury has sanctioned members of Russia’s Evil Corp in collaboration with the UK and Australia, continuing a crackdown on cybercriminals. Targeting seven individuals, the group is infamous for deploying Dridex malware and Bitpaymer…
Binance Confirms Access Restrictions on Sanctioned Russian Users
[Oct 1, 2024 3:30 AM] Crypto exchange Binance says it is complying with international sanctions by denying sanctioned Russian individuals and entities access to its platform. “Compliance remains our top priority. We are deeply committed to our users and…