Sanctions Financial News

01.06 / 14:01

regulation Central Bank sanctions Bitcoin Georgian central bank to launch AML probe into crypto firms

Georgia, a major cryptocurrency-friendly country among Post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions.

30.05 / 12:27

Law regulation sanctions Bitcoin National Russia scraps plans for a national cryptocurrency exchange

The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms.

12.05 / 08:57

IRS sanctions Ukraine war IRS Trains Ukraine to Track Russian Cryptocurrency Activity – Here's What You Need to Know

The Internal Revenue Service (IRS) is offering virtual and in-person training sessions on tracing blockchain transactions for Ukrainian officials.

08.05 / 09:29

business regulation sanctions ChatGPT China is developing AI without US chips: Here's how

The race to create artificial intelligence (AI) continues as China pushes forward the development of home-grown AI without utilizing the latest technology from the United States due to current sanctions.

06.05 / 13:41

Binance regulation Department Of Justice sanctions Department US Justice Department investigating Binance for violating Russian sanctions: Report

Binance is under investigation by the United States Justice Department (DOJ) national security division for allowing Russians to use the cryptocurrency exchange in violation of U.S. sanctions, according to a report that appeared in Bloomberg on May 5. There have been no accusations against the company or its executive in connection with the investigation.

05.05 / 21:41

Binance regulation sanctions DOJ US DoJ US DOJ Investigating Binance’s Involvement With Possible Russian Sanctions Violations: Bloomberg

The US Justice Department is investigating whether Binance Holdings Ltd. was illegally used to let Russians skirt US sanctions and move money through the cryptocurrency exchange, according to a report from Bloomberg News.

01.05 / 20:29

Law regulation sanctions Poloniex settlement Poloniex will pay $7.6M settlement to US authorities for 'apparent violations' of sanctions

The United States Treasury Department’s Office of Foreign Asset Control (OFAC) announced cryptocurrency exchange Poloniex has agreed to a $7.6 million settlement related to more than 65,000 apparent violations of multiple sanctions programs.

25.04 / 16:23

Hack sanctions lazarus group Three North Koreans Sanctioned for Involvement in Crypto-Linked Hacking Group – Here's What Happened

The US Department of Foreign Asset Control (OFAC) has sanctioned three individuals that allegedly supported North Korea through illicit financing and malicious cyber activity.

19.04 / 17:27

CBDC Adoption sanctions National end Belarus to decide on issuing CBDC by year's end: National bank chair

The National Bank of the Republic of Belarus has prepared a pilot program for a central bank digital currency (CBDC), according to the official BelTA news agency. The country will make a decision on the issuance of a digital Belarusian ruble by the end of the year, chairman of the national bank Pavel Kallaur said.

15.03 / 17:59

Blockchain Payments regulation sanctions swift settlement Blockchain is the answer to Russia’s settlement issues, banking exec says

The adoption of blockchain is the right direction for Russia to solve its current settlement issues, according to an executive at Russia’s largest bank, Sberbank.

09.03 / 19:33

regulation sanctions US REPO task force names crypto as target in efforts involving $58B in sanctioned assets

The United States Treasury has announced deputies of the multilateral Russian Elites, Proxies, and Oligarchs, or REPO, Task Force have targeted crypto in Russian entities’ attempts to evade sanctions.

01.03 / 08:51

CBDC regulation privacy Federal Reserve sanctions United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden advisor

The creation of a United States digital dollar would “crowd out” the cryptocurrency ecosystem and protect the national security of the U.S. according to a former top advisor in president Joe Biden’s administration.

27.02 / 09:19

Ethereum defi Hackers hacks sanctions Lendhub protocol exploiters spotted shifting $3.85M into Tornado Cash

The suspected actors behind the $6 million exploit of decentralized finance (DeFi) lending protocol Lendhub have just sent more than half of their ill-gotten gains from January into sanctioned crypto mixer Tornado Cash.

21.02 / 13:33

regulation Department Of Justice sanctions Interpol Brit who consulted North Korea on crypto reportedly detained in Moscow

The local bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ) in Moscow. He’s being alleged of conspiring to violate U.S. sanctions on North Korea.

13.02 / 23:45

business sanctions Elliptic Crypto mixer Blender has been rebranded to Sinbad, says Elliptic

Blender, the cryptocurrency mixer sanctioned by the United States Department of the Treasury’s Office of Foreign Assets Control in May 2022, was “highly likely” relaunched as Sinbad, according to risk management firm Elliptic.

01.02 / 23:23

regulation sanctions Bitcoin Wallet US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion group

The Office of Foreign Assets Control of the United States Department of the Treasury has added two cryptocurrency wallets allegedly connected to a Russian sanctions evasion network as part of its list of Specially Designated Nationals.

19.01 / 02:09

regulation Department Of Justice sanctions Low NOT Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action

Noncustodial peer-to-peer crypto exchange Bitzlato was little known to some before the United States Department of Justice (DOJ) enforcement action against it on Jan. 18. It was cofounded in 2016 by recently arrested Russian national, Anatoly Legkodymov.

06.01 / 19:23

business Binance sanctions compliance Binance joins association to address compliance with global sanctions

Binance has become one of the first crypto firms to join the Association of Certified Sanctions Specialists, ACSS, in an effort to stay in compliance with global sanctions.

21.12 / 18:07

regulation sanctions corruption lawmaker Opposition press links Russian lawmaker to local crypto OTC

A Russian legislator who was one of the authors of the bill to legalize cryptocurrency mining in the country has been tied to a local over-the-counter (OTC) exchange known as Bankoff.

23.11 / 12:53

regulation Central Bank sanctions Bitcoin Central banks can use Bitcoin to fight off sanctions: Harvard research

A research paper published at Harvard university highlighted how central banks can use Bitcoin (BTC) to hedge against financial sanctions from fiat reserve issuers.

09.11 / 01:35

regulation sanctions US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program

The United States Treasury Department's Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “transportation and procurement activities” for the Democratic People’s Republic of Korea in its list of Specially Designated Nationals.

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