entities – DIGIT INFO

Binance Confirms Access Restrictions on Sanctioned Russian Users

DIGIT — Tue, 01 Oct 2024 03:46:20 +0000

Crypto exchange Binance says it is complying with international sanctions by denying sanctioned Russian individuals and entities access to its platform. “Compliance remains our top priority. We are deeply committed to our users and maintaining their trust in our platform. We constantly invest in our teams and systems to protect our users,” Binance claimed. Binance […]

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Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

DIGIT — Tue, 28 Mar 2023 22:00:29 +0000

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with […]

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Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

DIGIT — Sat, 25 Mar 2023 10:00:07 +0000

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail […]

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Latvian Extradited to US for Wire Fraud Involving Crypto Investments

DIGIT — Sun, 28 Aug 2022 04:30:17 +0000

A Latvian national has been handed over to the United States where he is accused of fraud through several companies offering false crypto investment opportunities. Ivars Auzins will appear in a federal court in Brooklyn to face multiple charges of wire and securities fraud. Latvian Authorities Transfer Alleged Crypto Fraudster to US Custody Ivars Auzins, […]

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Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges

DIGIT — Thu, 11 Aug 2022 22:30:04 +0000

Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation. Uzbekistan Takes Steps to Prevent Crypto Trading and Custody on Foreign […]

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US Sanctions Bitriver, Targets Russia’s Crypto Mining Potential

DIGIT — Thu, 21 Apr 2022 14:00:01 +0000

In an attempt to deny Russia opportunities to evade sanctions through cryptocurrencies, the U.S. Department of the Treasury has sanctioned leading Russian mining firm Bitriver. The move comes amid concerns that Moscow may use the minting of digital coins to monetize its energy resources. Zug-Based Bitriver and Its Russian Subsidiaries Blacklisted by United States The […]

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Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing

DIGIT — Tue, 20 Jul 2021 05:56:24 +0000

Despite the Bitcoin markets slipping below $30,000, on-chain data suggests accumulation may be underway, as $1 billion worth of BTC leaves exchanges each month.

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