Crypto’s impact on sanctions: Are regulators’ concerns justified?
Cryptocurrencies, including CBDC’s, have now become a part of the narrative on sanctions due to high adoption. Go to Source Powered by WPeMatico
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Digital currencies won’t impact US sanctions, Treasury exec says
Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said. Go to Source Powered by WPeMatico
US ‘Kidnapped’ Russian Crypto Businessman Denis Dubnikov, Lawyer Says
U.S. law enforcement agents have “kidnapped” crypto entrepreneur Denis Dubnikov in Mexico, before transferring him to the Netherlands where he was arrested, his lawyer told Russian media. Dubnikov is suspected of money laundering and faces up to 20 years in prison if extradited to the United States. FBI Accused of Kidnapping Russian Citizen With Cryptocurrency … Read more
US officials seize $6.1M in crypto from ransomware actors, adds Chatex to sanctions list
“This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation’s resilience to cyber threats,” said Attorney General Merrick Garland. Go to Source Powered by WPeMatico
Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges
Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto exchanges, the chief executive of one of them claims. Iranians Said to Transfer $180 Million … Read more
Sanctioned Russian oligarch urges central bank to embrace Bitcoin
The U.S. Treasury asked cryptocurrency companies to ensure compliance with sanctions last week. Go to Source Powered by WPeMatico
Russia aims to replace US dollar reserves with digital assets in long term
Last week, the Russian president said it was “a bit early” to use cryptocurrencies to settle oil trades. Go to Source Powered by WPeMatico
Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value
Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian leader assumed crypto could be used to store value … Read more
Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report
On September 27, 2021, at the Southern District of New York courthouse, the trial against former Ethereum developer Virgil Griffith started at 9:30 a.m. (EST). Griffith was facing 20 years behind bars for discussing blockchain technology in North Korea. Around 10:30 a.m., Griffith pleaded guilty and accepted a plea deal with up to six and … Read more
Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report Reveals
Cryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department, over 40% of the platform’s transactions involved criminal actors. A Suex co-founder has denied any illegal activity. Sanctioned Crypto Broker Suex Processed $370 Million of … Read more