ECB Chief: Cryptocurrencies Are ‘Certainly’ Being Used to Circumvent Russian Sanctions

ECB Chief: Cryptocurrencies Are 'Certainly' Being Used to Circumvent Russian SanctionsThe European Central Bank (ECB) warns cryptocurrencies are being used to evade sanctions by Russians. ECB President Christine Lagarde warns crypto firms against becoming “accomplices” in the crime. ECB President Lagarde Is Certain About Crypto Being Used to Evade Russian Sanctions Christine Lagarde, president of the European Central Bank (ECB), said Tuesday at the Bank […]

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US Lawmakers Introduce Bill to Sanction Russia’s Gold

US Lawmakers Introduce Bill to Sanction Russia's GoldFour U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By sanctioning these reserves, we can further isolate Russia from the world’s economy and […]

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Binance, Coinbase Explain Why Cryptocurrency Won’t Help Russia Evade Sanctions

Binance, Coinbase Explains Why Cryptocurrency Won't Help Russia Evade SanctionsThe chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions. CEOs of Binance and Coinbase Say Crypto Not Useful at Evading Sanctions Since Russia began its invasion of Ukraine, governments worldwide have raised concerns that cryptocurrency could be used […]

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G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade Sanctions

G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade SanctionsG7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group of […]

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Coinbase CEO Says Ordinary Russians Use Crypto as a Lifeline as the Ruble Collapses

Coinbase CEO Says Ordinary Russians Use Crypto as a Lifeline as the Ruble CollapsesThe CEO of the Nasdaq-listed crypto exchange Coinbase says ordinary Russians are using cryptocurrency as a lifeline now that their own currency, the ruble, has collapsed. The executive also does not see a high risk of Russian oligarchs using crypto to avoid sanctions. Crypto Becomes a Lifeline for Ordinary Russians Coinbase CEO Brian Armstrong shared […]

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US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary Yellen

US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary YellenU.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions. Treasury Secretary Janet Yellen on Monitoring Russian Efforts to Use Cryptocurrency to Evade Sanctions U.S. Treasury Secretary Janet […]

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