Powered by WPeMatico
Category: US sanctions
Auto Added by WPeMatico
Iran Finds Scapegoat In ‘Easy Victim’ Bitcoin as Officials Shut Down 1,600 Mining Farms
Powered by WPeMatico
Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”
Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government announced the sanctions in response […]
The post Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home” appeared first on Bitcoin News.
Powered by WPeMatico
Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform
Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation hit Venezuela already use bitcoin as a store of value as well as for cross […]
The post Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform appeared first on Bitcoin News.
Powered by WPeMatico
OFAC Warns Americans Against Facilitating Ransomware Payments
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued an advisory highlighting the sanctions risk American citizens face if they help facilitate ransomware payments. In the advisory, the OFAC says it will “continue to impose sanctions on those who materially assist, sponsor, or provide financial, material, or technological support for […]
The post OFAC Warns Americans Against Facilitating Ransomware Payments appeared first on Bitcoin News.
Powered by WPeMatico
Venezuela’s State-Run ‘Defi’ Crypto Exchange Goes Live After Maduro’s Anti-Blockade Speech
Decentralized finance (defi) is allegedly coming to Venezuela after a recent decree from Venezuelan President, Nicolás Maduro and the United Socialist Party of Venezuela. The government recently introduced a defi platform called BDVE that purportedly provides Venezuelan citizens with the means to swap ERC20 tokens in a noncustodial manner. For quite some time now Venezuela […]
The post Venezuela’s State-Run ‘Defi’ Crypto Exchange Goes Live After Maduro’s Anti-Blockade Speech appeared first on Bitcoin News.
Powered by WPeMatico
Analysts Suspect Cryptocurrencies Used to Evade US Sanctions in North Korea
During an interview earlier this week, two Washington-based financial intelligence analysts explain that North Korea is using cryptocurrencies to evade US sanctions. The intelligence researchers Lourdes Miranda, and Ross Delston say the Pyŏngyang region is actively trading established digital assets to avoid US financial sanctions that have been imposed since the fifties. Also read: Developer Paul […]
The post Analysts Suspect Cryptocurrencies Used to Evade US Sanctions in North Korea appeared first on Bitcoin News.
Powered by WPeMatico
Details of Iran’s National Cryptocurrency Unveiled
Iran has been developing a national cryptocurrency, a move that could allow them to evade US economic sanctions. Informatics Services Corporations, the country’s leading provider of banking systems, has reportedly been designing and developing the cryptocurrency and has now revealed its features. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Built on Hyperledger Informatics […]
The post Details of Iran’s National Cryptocurrency Unveiled appeared first on Bitcoin News.
Powered by WPeMatico
The Iranian Government Is Preparing to Launch Its Own Cryptocurrency
The government of Iran is preparing to launch its own cryptocurrency, according to state-controlled media reports. The intended purpose of the new Iranian govcoin is to help the country skirt the international financial sanctions meant to cut its access to the global economy. Also Read: The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $100M […]
The post The Iranian Government Is Preparing to Launch Its Own Cryptocurrency appeared first on Bitcoin News.
Powered by WPeMatico
Report Claims Putin Aided Maduro in Creating Venezuela’s Crypto, Petro
A Time investigation into the development of Venezuela’s state-backed cryptocurrency, petro, revealed strong anecdotal and circumstantial evidence connecting Russia to its launch. At least two Russians with ties to Vladimir Putin were present at petro’s unveiling, complete with the Venezuelan president’s thanks. Analysts are claiming the South American country is Mr. Putin’s crypto guinea pig […]
The post Report Claims Putin Aided Maduro in Creating Venezuela’s Crypto, Petro appeared first on Bitcoin News.
Powered by WPeMatico