7 / 8 Relevant items tagged with #Sanctions
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North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils
[Feb 7, 2023 11:30 PM] The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for…
Russia’s Largest Private Bank Launches Digital Asset Platform
[Feb 5, 2023 3:00 PM] Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this…
Russia Expands Its Crypto Mining Capacity, Report Reveals
[Feb 4, 2023 5:00 PM] The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from…
US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group
[Feb 1, 2023 2:15 PM] The government department said it would impose “full blocking sanctions” on Jonatan Zimenkov and his crypto addresses due to his connections with a sanctions evasion network.
Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions
[Jan 31, 2023 12:30 AM] Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity…
Russia Mulls Gold-backed Stablecoin, Lawmaker Confirms After Iran Visit
[Jan 26, 2023 5:30 PM] Russia may issue a stablecoin backed by gold to use in international settlements, a high-ranking member of the Russian parliament has admitted. The matter has been discussed during a recent visit to Iran where officials have also signaled interest…
Crypto industry leaders ‘scared of a strong SEC’ — Senator Warren
[Jan 25, 2023 11:28 PM] Senator Elizabeth Warren claims the Trump Administration “gave a green light” to a cryptocurrency market full of junk tokens, rug pulls and Ponzi schemes.
After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin
[Jan 24, 2023 7:00 AM] With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.This is an opinion editorial by Q Ghaemi, a stocks and bitcoin analyst and author of the Qweekly Update…
Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges
[Jan 22, 2023 4:30 AM] The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a…
Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports
[Jan 20, 2023 11:30 PM] While the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes that to a large extent the trend can be…
Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos
[Jan 19, 2023 6:30 AM] Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, Mykhailo Fedorov praised the support from the…
Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action
[Jan 18, 2023 3:14 PM] The Hong Kong crypto exchange with strong ties to Russia was a blip on Chainalysis’ radar last year; its takedown was seen as anticlimactic by many in the crypto community.
Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria
[Jan 12, 2023 9:00 AM] According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into…
Illicit crypto transactions reached all-time highs in 2022: Report
[Jan 12, 2023 7:00 AM] The abnormal amount of illicit transactions is caused by the equally record-breaking scale of international sanctions.
Russia to begin work on CBDC settlement system in Q1 as sanctions endure: Report
[Jan 9, 2023 7:34 PM] The country's central bank will begin studying two possible cross-border CBDC settlement models this quarter.
Binance Joins Association of Certified Sanctions Specialists
[Jan 9, 2023 6:30 AM] Cryptocurrency exchange Binance has become a member of an organization providing training for sanctions compliance. With the move, part of efforts to improve its capabilities in this field, the largest trading platform for digital assets joins a…
Binance joins association to address compliance with global sanctions
[Jan 6, 2023 10:15 AM] The crypto exchange has come under scrutiny from policymakers amid multilateral sanctions on Russia and U.S. sanctions on Iran.
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says
[Dec 30, 2022 2:30 AM] Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds…
Crypto OTC trading to get traction due to FTX fiasco, exec says
[Dec 27, 2022 4:30 AM] The FTX crash could trigger a bigger demand for crypto OTC services as investors are looking for alternative crypto exchange methods amid weak trust in CEXs.
As Financial Surveillance Intensified In 2022, Bitcoin Is Needed By Individuals And Nations Alike
[Dec 26, 2022 7:00 AM] A rise in financial censorship this year, perpetrated by citizens’ own governments and adversarial nations alike, calls for Bitcoin.This is an opinion editorial by Kudzai Kutukwa, a financial inclusion advocate who was recognized by Fast Company…
ETH staking on top exchanges contributes to Ethereum censorship: Data
[Dec 26, 2022 3:00 AM] One of the biggest factors harming Ethereum's credible neutrality is the use of censoring MEV relays by crypto ecosystems and exchanges.
As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created
[Dec 25, 2022 1:30 PM] 109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenback’s purchasing power has been erased via…
Russian Parliament Postpones Adoption of Crypto Mining Bill
[Dec 24, 2022 2:30 AM] Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in…
Opposition press links Russian lawmaker to local crypto OTC
[Dec 21, 2022 9:00 AM] Russia’s crypto OTC platform Bankoff has reportedly not only helped officials avoid sanctions but has also generated some gains.
Bank of Russia to Test International Crypto Payments With Companies
[Dec 20, 2022 5:30 PM] The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under…
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions
[Dec 15, 2022 8:30 PM] The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the…
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
[Dec 12, 2022 5:30 AM] Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and…
Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported
[Dec 10, 2022 5:30 AM] The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal…
Into the storm: The murky world of cryptocurrency mixers
[Dec 7, 2022 9:04 AM] A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash.