City Sanction Financial News
16.03 / 11:55
cryptocurrency
Digital
Citizens
CryptoExplainer
Can Russia Use Cryptocurrency To Circumvent Western Sanctions?
Can Cryptocurrency Help Russia Evade Western Sanctions?
15.03 / 16:07
Crime
regulation
wallet
Bitcoin
Agency
UK Crime Agency Calls For Crypto Mixing Regulation Amid Clampdown On Criminals
The UK’s National Crime Agency (NCA) has called on the country’s authorities to regulate decentralized crypto mixers that enable multiparty bitcoin (BTC) transactions, claiming that the process can be used by criminals to launder money from illicit sources and to avoid detection.
11.03 / 22:45
Trading
coinbase
Exchange
Coinbase Launches Subscription-Based 'Zero-Fee' Trading in Beta
The major US crypto exchange Coinbase launched the beta version of its new Coinbase One product that offers trading with zero fees on a subscription-based model.
11.03 / 15:55
cryptocurrency
Chainalysis
Tornado Cash
As New Crypto Sanction Screening Tool Launched, Tornado Cash Keeps Mixing and FBI Chimes In
As the West is trying close all crypto loopholes that help evade sanctions against the aggressor state, Russia, and its ally, Belarus, Chainalysis is rolling out a sanctions screening tool, while crypto mixer Tornado Cash said they are powerless to or don't need to comply with Washington’s wishes. In either case, American law enforcement and intelligence agencies claim that Russians hoping to evade sanctions by using cryptoassets will be thwarted in their efforts.
10.03 / 00:35
regulation
Europe
European Union
European Commission
Sanctions on Russia and Belarus will include crypto — European Commission
The European Commission has clarified that crypto assets will fall under additional sanctions targeted against Russia and Belarus in response to the military conflict in Ukraine.
09.03 / 18:51
cryptocurrency
Europe
European Commission
EU Clarifies Crypto-Related Sanctions on Russia & Belarus, But Questions Remain
The European Union has today extended the scope of sanctions on Russia and Belarus, bringing clarifications on cryptoassets into the mix – but as the full legal text is not available yet, these points remain somewhat unclear.
07.03 / 14:17
Blockchain
coinbase
Legal
TradFi
Crypto Can Better Deter Sanction Evasion Compared to TradFi - Coinbase
Crypto's transparent nature makes it a terrible choice for those who want to evade sanctions, said Paul Grewal, Chief Legal Officer (CLO) of major crypto exchange Coinbase.
07.03 / 11:05
business
coinbase
Bitcoin
compliance
Coinbase proposes crypto tech to promote global sanctions compliance
The United States-based crypto exchange Coinbase has proposed the use of cryptocurrencies to help ensure compliance with economic sanctions. The recommendation comes along with highlighting the ease of laundering and sanction evasion of fiat currencies made possible by traditional financial infrastructures.
05.03 / 23:35
Refugees
Sanctions stop Aeroflot flying anywhere outside Russia except Belarus
Sanctions have forced Russia's flagship airline Aeroflot to announce an end to almost all of its international flights.
05.03 / 14:39
03.03 / 14:05
Provident
BLOCK
Binance
Reuters
EU Ensures Russia Cannot Bypass Sanctions thorugh Crypto, Says French Finance Minister Le Maire
French Finance Minister Bruno le Maire said on Wednesday that the European Union (EU) is looking for ways other than cryptocurrencies to impose EU sanctions on Russia, Reuters reported.
03.03 / 12:43
Europe
Bitcoin
Washington, Europe Vow to Target Russian Crypto Sanctions Evasion Efforts
The next round of sanctions against Russia and wealthy individuals based in the country could target crypto and crypto exchanges, with Washington already taking aim at those hoping to secure their funds by making bitcoin (BTC) and altcoin buys.
02.03 / 21:43
foreign
Financial
Putin signs ban on leaving Russia with $10,000 of foreign currency as sanctions hit financial system
Russia sifted through the financial wreckage caused by Western sanctions, as its stock market remained closed and the government announced new measures to try to limit the damage to the economy.
02.03 / 16:29
Investing
Central Bank
banking
Ruble
diving
Russian Consumers, Firms Feeling Impact of Sanctions as Ruble Keeps Diving
Ordinary Russians are increasingly starting to feel the bite of Western-led sanctions, media reports from inside the country have indicated.
02.03 / 11:05
foreign
Financial
Russia imposes temporary ban on foreign investors as sanctions hit financial system
Russia sifted through the financial wreckage caused by Western sanctions, as its stock market remained closed and the government announced new measures to try to limit the damage to the economy.
01.03 / 20:11
Racing
Financial
Russia Races to Protect Financial System From Barrage of Sanctions
Russia sifted through the financial wreckage caused by Western sanctions, as its stock market remained closed and the government announced new measures to try to limit the damage to the economy.
01.03 / 17:57
Western Sanctions Bite Russian Economy, But Pose Unpredictable Risks
The conventional wisdom until last week was that sanctions had limited influence on a nation state, especially one as large as Russia. That wisdom may need to be revisited.
01.03 / 13:35
BLOCK
Binance
coinbase
Bitcoin
U.S. Requests Crypto Exchanges to Avoid Russian Running away from Sanctions
The U.S. is reportedly urging major crypto exchanges to make sure no Russian individuals or institutions escape from the sanctions by using cryptocurrencies, according to Bloomberg.
01.03 / 11:25
Citigroup
Citigroup discloses $10bn exposure to Russia
Citigroup disclosed on 28 February it had nearly $10bn in total exposures to Russia at the end of 2021, some of which sit in a consumer bank it has been trying to sell and may now be stuck with.
01.03 / 11:17
Lowe's
Tether
surges
Rouble-Crypto Trading Surges As Sanctions Hit Russian Currency
Rouble-denominated trades with the Tether - a so-called stablecoin - hit $29.4 million.
28.02 / 20:45
MARKET
stocks
Crypto Ed
Bitcoin
Time
bitcoin rises
Bitcoin Rises Above USD 41,000 for the First Time in Almost Two Weeks
Bitcoin (BTC) broke above the USD 40,000 mark again today, after being rejected at the same level over the weekend. The major breakthrough comes on a strong day for both BTC and the broader crypto market, with most coins now in the green for the past 24 hours.
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