Sanctions Financial News

29.11 / 16:47

Government regulation sanctions US Treasury sanctions crypto mixer Sinbad, alleging North Korea ties

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on cryptocurrency mixer Sinbad, alleging the platform was responsible for laundering funds for the North Korea-based hacking group Lazarus.

25.06 / 09:49

Money sanctions Bank insider trading Italy boosts crypto risk oversight and toughens sanctions, draft shows

Italy plans to adopt measures to beef up surveillance over risks tied to cryptoassets, including high fines for those who manipulate the market, a draft decree reviewed by Reuters showed on Thursday. The decree, due to be approved by cabinet later on Thursday, lays out fines of between 5,000 and 5 million euros ($5,400-$5.4 million) for insider trading, unlawful disclosure of inside information or market manipulation.

29.11 / 22:23

Government Law regulation sanctions US deputy treasury secretary calls for additional tools to sanction crypto firms

Wally Adeyemo, deputy secretary of the United States Treasury Department, said his department is looking into new sanctions tools to pursue bad actors in the crypto space, citing a recent settlement with Binance.

21.11 / 12:32

sanctions Tornado Cash OFAC Blockchain Association Sues OFAC Over Sanctions on Tornado Cash

Blockchain Association, the crypto advocacy group, has filed an amicus brief with the US Office of Foreign Assets Control (OFAC).

16.11 / 01:11

BLOCK Binance Platform sanctions Experts reports Here’s How Russians Dodge Sanctions to Use Int’l Crypto Exchanges

Russian crypto holders have reportedly used simple workarounds to evade sanctions – and trade on overseas crypto exchanges.

14.11 / 19:55

Law regulation sanctions Court Tornado Cash Tornado Cash users file appeal over judgment in favor of US Treasury

A group of Tornado Cash users has filed an appeal in federal court following a ruling upholding the United States Treasury’s decision to add the cryptocurrency mixer to its list of sanctioned entities.

10.11 / 05:27

sanctions US and Allies to Intensify Sanctions Against Hamas, Targeting Crypto Assets to Cut Funding

The United States and its allies are set to escalate sanctions against the militant group Hamas in the coming days.

01.11 / 12:39

sanctions services Web3 Protocol WalletConnect Halts Services in Russia, Following US Treasury Guidelines

Web3 platform WalletConnect, which links cryptocurrency wallets, has restricted its services in Russia, in light of the latest US Guidelines.

19.10 / 19:45

regulation sanctions Money laundering Mixers Crypto mixers FinCEN proposes designating crypto mixers as money-laundering hubs

The United States Treasury Department's Financial Crimes Enforcement Network, or FinCEN, has proposed designating cryptocurrency mixing as an area of "primary money laundering concern" following Hamas’ attack on Israel.

03.10 / 22:07

regulation wallet Drugs crimes sanctions US Treasury sanctions crypto wallets as authorities crack down on fentanyl

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl.

26.09 / 16:43

regulation Drugs crimes sanctions US Treasury sanctions Ethereum wallet tied to cartel over ‘illicit fentanyl trafficking’

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has added a crypto wallet allegedly connected to a major international crime syndicate to its list of Specially Designated Nationals.

29.08 / 21:47

Binance sanctions P2P Binance Delists Banco de Venezuela From P2P Payment Service: What’s Going On?

Binance, the largest cryptocurrency exchange has removed Banco de Venezuela as a payment option in its peer-to-peer services in the country.

29.08 / 10:57

Binance regulation sanctions Binance excludes Banco de Venezuela from P2P payments

The world's largest crypto exchange Binance has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week, and is likely part of efforts to fall in line with international financial sanctions.

28.08 / 18:35

business Binance sanctions Binance leaving Russian market is ‘on the table’: Report

Cryptocurrency exchange Binance may be considering withdrawing its services from Russia amid sanctions from countries including the United States.

28.08 / 09:15

Binance regulation sanctions OKX OKX and ByBit remove sanctioned Russian banks from payments list

At least two major crypto exchanges followed Binance in excluding Russian banks under international financial sanctions from their payment options. Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on ByBit and OKX.

25.08 / 20:07

business Binance regulation sanctions P2P P2P Payments Binance P2P removes sanctioned Russian banks from payments list

Crypto exchange Binance has removed “yellow” and “green” payment options from its peer-to-peer (P2P) service after being criticized for using these code words to represent sanctioned Russian banks, Cointelegraph confirmed on Aug. 25.

24.08 / 14:07

Binance regulation sanctions Bitcoin Binance dubs barred Russian banks on its platform as ‘Yellow’ and ‘Green’ cards

Binance’s peer-to-peer (P2P) cryptocurrency exchange in Russia has continued facilitating transactions through sanctioned banks like Rosbank after denying relationships with “any banks.”

23.08 / 19:27

regulation Department Of Justice sanctions Money laundering Tornado Cash Tornado Cash co-founders charged with money laundering, sanctions violations

The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “mixer,” to its list of Specially Designated Nationals and Blocked Persons (SDN) on Aug. 23. Another co-founder, Roman Storm, was arrested by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation division in Washington state the same day.

17.08 / 21:31

regulation coinbase sanctions Court Tornado Cash Tornado Cash lawsuit judge sides with US Treasury in motions for summary judgement

A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit concerning Tornado Cash brought by six individuals backed by crypto exchange Coinbase.

13.06 / 05:01

Hackers hacks exchanges sanctions Bitcoin OFAC Atomic Wallet hackers turn to OFAC-sanctioned Garantex: Elliptic

Illicit funds gained from the $35 million Atomic Wallet hack are on the move again, with sanctioned Russian-based crypto exchange Garantex reportedly becoming the latest to come in contact with the hacked crypto.

05.06 / 23:46

business sanctions Court Tornado Cash Crypto lobbyists still fighting to axe 'unlawful' Tornado Cash sanctions

The Blockchain Association and the DeFi Education Fund have become the latest industry advocates to file their support of Coin Center’s lawsuit against the United States Treasury over its “unlawful” sanctions aga Tornado Cash.

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