Belarus president Lukashenko calls on state to mine cryptocurrency
Belarus has lots of abandoned industrial sites that could be used to generate revenue through cryptocurrency mining, the Belarusian president said. Go to Source Powered by WPeMatico
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Financial Warfare: Afghan Central Bank’s $10B Confiscated by US, Biden Halts USD Shipments to Afghanistan
The war in Afghanistan has been an extremely long conflict since the United States invaded the country in 2001, in order to drive the Taliban from power. After a messy exit, the U.S. occupation in Afghanistan has been compared to mistakes made during the Vietnam War. Now that U.S. forces have left Kabul in great … Read more
Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report
According to reports stemming from investigative journalist Matthew Russell Lee, from Inner City Press, former Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody. According to the reports, the U.S. Attorney’s Office revoked Griffith’s bond because he allegedly tried to access the crypto exchange Coinbase. Report Says … Read more
ETH developer Virgil Griffith back in jail after allegedly checking Coinbase account
Griffith will likely spend the next two months in jail before his trial in September. Go to Source Powered by WPeMatico
Venezuela to Slash Six Zeros From Its Currency to Facilitate Payments
The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in … Read more
FATF’s Annual Crypto Review Highlights ‘Continued Use of Anonymity Tactics’ and ‘Lack of Effective’ Regulation
The Financial Action Task Force (FATF) has published the organization’s 12-month review and the research highlights that only 45% of the 128 reporting jurisdictions have complied with AML/CFT policy and FATF recommendations. The annual review stresses that the “lack [of] effective” regulation makes it “challenging for competent authorities to follow the transaction trail, buying more … Read more
Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says
New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their development for too long. Government Official Cautions Against Impeding Crypto Development Over the past few years, Tehran has … Read more
US sanctions agency OFAC to rely more heavily on Chainalysis
Govt agencies want more tools to trace suspect crypto transactions. Go to Source Powered by WPeMatico
Iran Is Using Bitcoin Mining to Circumvent Sanctions, According to Elliptic
Iran is using Bitcoin mining to circumvent and lessen the effect of the economic sanctions that the U.S. and other countries have applied to the country since 2006, according to a new study by Elliptic, a blockchain analytics and financial crime compliance firm. The country is indirectly using bitcoin mining to export part of its … Read more
Report: Iran may reap upwards of $1 billion in annual Bitcoin mining revenues
The country uses the digital currency to pay for imports and circumvent oil sanctions. Go to Source Powered by WPeMatico
