Category: Sanctions

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

An unnamed individual allegedly sent more than $10 million in Bitcoin to an exchange in a country for which the U.S. currently imposes sanctions. 2523 Total views 18 Total shares The United States Department of Justice may move forward on a criminal prosecution case against a United States citizen who allegedly violated sanctions through cryptocurrency. […]

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Indie Russian news firm raises $250K in crypto after sanctions cripple finances

Indie Russian news firm raises $250K in crypto after sanctions cripple finances

A Russian independent news company has raised more than US$250,000 in cryptocurrency donations from supporters in order to continue reporting independent news under a barrage of Russian government propaganda and censorship.  Meduza, a Latvian-based Russian-language news site that claims to report on “the real Russia, today” has been asking for donations since April 2021 in […]

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Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26

Law Decoded: Competing narratives around crypto clash on the Earth Day, April 19-26

The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails. 700 Total views 15 Total shares Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agencies’ preeminent approach to crypto regulation. It […]

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Yellen says crypto hasn’t been used for significant Russian sanctions evasion so far

Yellen says crypto hasn’t been used for significant Russian sanctions evasion so far

The U.S. Treasury secretary emphasized the department’s crypto monitoring efforts at a House Financial Services Committee hearing on Wednesday. 1047 Total views 24 Total shares United States Treasury Secretary Janet Yellen told the House Financial Services Committee on Wednesday that her department is not seeing significant use of cryptocurrencies to evade sanctions placed on Russian […]

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US sanctions Russia’s largest darknet market and crypto exchange Garantex

US sanctions Russia’s largest darknet market and crypto exchange Garantex

The sanctions were part of an international effort aimed at “[disrupting the] proliferation of malicious cybercrime services, dangerous drugs and other illegal offerings.” 2108 Total views 21 Total shares The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange […]

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Crypto trading in rubles falls even as ECB warns again on sanctions

Crypto trading in rubles falls even as ECB warns again on sanctions

A statement from ECB President Christine Lagarde labeling cryptocurrency a “threat” to global security seems at odds with the real world data and expert opinion. 108 Total views 37 Total shares The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions. However, […]

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