1 / 1 Relevant items tagged with #USSanctions

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$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban

[Aug 14, 2024 6:30 AM] Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to…

Venezuela Likely to Keep Using Crypto to Bypass New Set of US Sanctions

[Jun 17, 2024 3:18 PM] According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas Maduro’s administration seems to have…

US Lawmaker Proposes Stricter Digital Asset Regulations to Enforce Russian Sanctions

[Jun 13, 2024 6:34 PM] U.S. Congressman Brad Sherman has proposed an amendment designed to enhance the enforcement of sanctions on Russian digital assets. The amendment allows the Treasury Secretary to prohibit crypto transactions linked to Russian entities and requires…

US District Judge Sanctions Binance’s $4.3 Billion Plea Deal

[Feb 23, 2024 7:30 PM] Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s…

US Judge Urged to Approve Binance’s $4.3 Billion Plea Deal

[Feb 21, 2024 3:00 AM] A U.S. Federal Judge has been urged to accept a plea deal from U.S. authorities with the cryptocurrency exchange, Binance. Prosecutors, in a memorandum, have asserted that the agreed-upon sanctions are commensurate with the extent of Binance’s…

US Senator Marco Rubio Warns BRICS Expansion Threatens Western Sanctions’ Effectiveness

[Jan 22, 2024 5:30 PM] Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the…

Report: Spanish Police Arrest Man Accused of Conspiring With Jailed Ethereum Developer to Evade US Sanctions

[Dec 4, 2023 5:00 AM] Spanish law enforcement said on Dec. 1 it arrested a man accused by the U.S. of conspiring with Ethereum developer Virgil Griffith to help North Korea evade sanctions. A Spanish judge released the man who has since denied the allegations. Cao de…

Economist Steve Hanke: US Dollar Weaponization Has Powered Record Central Bank Gold Purchases

[Nov 28, 2023 2:30 AM] Steve Hanke, professor of applied economics at Johns Hopkins University, has discussed how U.S. policies have driven central bank gold purchases to record levels this year. In an interview, Hanke stated that these purchases were motivated by the…

OFAC Sanctions Russian National Accused of Using Virtual Currency to Launder Money

[Nov 5, 2023 5:30 AM] According to the United States Office of Foreign Assets Control (OFAC), Russian national Ekaterina Zhdanova has been sanctioned as punishment for using virtual currency to launder money for designated Russian elites. OFAC said Zhdanova’s properties…

Founders of Crypto Mixer Tornado Cash Accused of Laundering $1 Billion

[Aug 24, 2023 3:00 PM] The founders of the cryptocurrency mixing service Tornado Cash were charged Thursday with allegedly helping to launder more than $1 billion in digital currency, including funds taken by North Korean hackers. Department of Justice: ‘You Can’t Hide…

India, Russia Mull Payment System Integration in Face of US Sanctions

[May 2, 2023 5:30 AM] The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible future effect of US sanctions on the capital flows of each country. The deal would include the integration of…

Analysts Consider US National Security Policy a Pretext to Establish Trade Sanctions Against Other Countries

[May 2, 2023 4:00 AM] International analysts have called out the supposed use of the national security policy of the U.S. as a tool to justify the establishment of blockades and economic sanctions against countries like China and Russia. While U.S. Treasury Secretary…

Syrian Official Says US Imposes Sanctions to Steal Nations’ Assets and Exert Control

[Apr 23, 2023 8:00 PM] The Syrian foreign minister says the U.S. imposes sanctions on Syria and Russia to steal their assets and keep them under its hegemony. The U.S. is “the biggest beneficiary of wars and fueling global conflicts, with the aim of maintaining the…

Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance

[Apr 22, 2023 4:30 AM] According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not…

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

[Apr 21, 2023 10:00 PM] The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S…

Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade

[Apr 14, 2023 12:00 AM] A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often…

How Crypto Ended Up at the Center of a Potential $20 Billion Internal Corruption Scandal in Venezuela — Bitcoin Mining Shutdown Results

[Mar 24, 2023 5:30 AM] The establishment of sanctions by the Trump administration towards PDVSA, the state oil company in Venezuela, reportedly forced the hand of the government in the country to find alternative means of payment for crude oil. According to reports, more…