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Global investment banks Goldman Sachs and JPMorgan Chase are winding down business in the Russian Federation. The move comes as western sanctions against Moscow over its decision to launch a military invasion of Ukraine continue to expand, supported by leading financial institutions. Goldman Sachs and JPMorgan Scale Down Russian Operations Goldman Sachs Group and JPMorgan … Read more
Crypto execs signal their readiness to comply with sanctions, but decentralization itself puts crypto in a vulnerable position. Go to Source Powered by WPeMatico
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western Union Condemns Invasion of Ukraine, Halts Services in Russia and Belarus Money … Read more
Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine. Chainalysis Offers Crypto Industry New Sanctions-Screening Tools As the military conflict in … Read more
“The use of cryptoassets to circumvent economic sanctions is a criminal offence,” said U.K. regulators. Go to Source Powered by WPeMatico
The Monero blockchain fork has surged by nearly 100% in the past five days against a rising appetite for privacy-focused cryptocurrencies. Go to Source Powered by WPeMatico
The crypto community stands up for the rights of ordinary Russians amid hundreds of businesses leaving the country, but the final decision is up to regulators. Go to Source Powered by WPeMatico
Blockchain-data analytics company Chainalysis has announced an accelerated launch of two sanctions screening tools, an on-chain oracle, and an API, to help provide greater regulatory oversight to exchanges and DeFi projects. Go to Source Powered by WPeMatico
Christopher Wray cited the FBI’s recent work in seizing large amounts of crypto as evidence there were vulnerabilities in using digital assets to get around sanctions. Go to Source Powered by WPeMatico
The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia On Wednesday, the European Commission welcomed … Read more
