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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
The working group weighed in on the side of the Finance ministry in a call to regulate, not ban crypto. Go to Source Powered by WPeMatico
The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network. Go to Source Powered by WPeMatico
Joe DiPasquale, CEO at Bitbull Capital, discussed the role of Bitcoin in the Ukraine crisis and explained his bullish view on the crypto markets for the upcoming months. Go to Source Powered by WPeMatico