The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools.
Category: sanction
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Two more charged with teaching North Koreans to evade US sanctions with crypto
Two EU citizens have been indicted for violating U.S. sanctions on North Korea when they jointly planned a crypto conference there.
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US Treasury Sanctions 2nd Cryptocurrency Exchange, Seizes $6.1 Million
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US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds
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VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet
The U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time a specific crypto has been deemed illegal for Americans at home or abroad to use. […]
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Japanese Regulator Responds to Reports of Overhauling Crypto Regulation
Japan’s top financial regulator has responded to media reports that it is considering overhauling the way cryptocurrency is regulated in the country. The authority has been under fire for the inadequacy of its crypto exchange registration process after it issued business improvement orders to a number of exchanges it previously approved. Also read: Yahoo! Japan Confirms […]
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Trump Signs Executive Order Banning Venezuela’s Petro Cryptocurrency
U.S. president Donald Trump has signed an executive order banning American citizens from using Venezuelan cryptocurrencies. In effect, this means that the petro, recently launched by Venezuelan president Nicolas Maduro, is now illegal in the U.S. The controversial cryptocurrency was widely seen as a means to evade economic sanctions imposed by the U.S. The executive […]
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Russian Lawmaker Proposes Legalization of Cryptocurrencies to Attract Investments
The head of the Russian State Duma Committee for Economic Policy has proposed legalizing cryptocurrencies in order to attract foreign investments including from countries with anti-Russian sanctions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Proposal to Legalize Cryptocurrencies The chairman of the State Duma Committee for Economic Policy, Sergey Zhigarev, proposed the […]
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