2022-3-17 19:59 |
Head of international policy at Chainalysis explains why crypto is not a silver bullet for evading international sanctions.
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We have heard a lot over the last week that crypto is not being used to undermine international sanctions against Russia or breakaway regions of Ukraine, and this week's State of Crypto asks: why on Earth not?
2022-3-9 23:30 | |
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Per a report from the Japan Times, the Asian country has started to discuss ways in which Russia could use crypto to escape sanctions. The Russian Federation has been hit by the international community after the consummation of their invasion of Ukraine.
2022-3-6 01:00 | |
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Accounts belonging to OpenSea users with Iranian IP addresses have been canceled in the face of a growing debate regarding international sanctions and Russia’s attack on Ukraine. As pressure mounts on large cryptocurrency exchanges such as Coinbase, Kraken, and Binance to restrict access to their platforms to all Russian users and financial entities, other major […]
2022-3-4 09:13 | |
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OpenSea users with Iran-based IP addresses are claiming their accounts were terminated on Thursday, in what is developing into a larger discussion about international sanctions and popular Web 3 platforms.
2022-3-4 20:59 | |
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A coalition of countries including the U.S. and European Union want to freeze the Russian central bank’s international reserves and lock (some) Russian banks out of the global financial system.
2022-3-2 21:57 | |
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As the attack on Ukraine by Russia commenced as expected in the early hours Thursday, US and world leaders scurried to denounce Russia, warning of harsh consequences for its actions. Russian troops launched their predicted onslaught on Ukraine, ignoring international condemnation and sanctions and warning other countries that any effort at interference would result in […]
2022-2-24 10:17 | |
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As a pariah state, the Democratic People's Republic of Korea has been largely cut off from the international community. With few trading partners and enduring punishing international sanctions, North Korea is doubling down on crypto crime as a revenue generator.
2021-2-23 15:30 | |
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The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.
2020-11-7 04:30 | |
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The Iranian government has made it compulsory for bitcoin (BTC) miners in the country to sell their coins to the state, so authorities can use the digital currency to pay for imports amidst crippling international sanctions, according to reports on October 30, 2020.
2020-10-31 20:00 | |
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With the latest amendment to the legislation, Iran has become the first country to use cryptocurrencies at a state level for import funding. The Iranian Cabinet amended legislation to redirect digital currencies into the funding mechanism of the Central Bank of Iran (CBI) for imports, as per the report by the official The Islamic Republic […] The post Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions first appeared on BitcoinExchangeGuide.
2020-10-31 19:08 | |
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The authorities of North Korea are increasing mining capacities and repeatedly increased the production of Monero within the last two years. Monero attracts Pyongyang as a cryptocurrency with a high degree of confidentiality that can help circumvent international sanctions.
2020-2-14 12:13 | |
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Ethereum developer Virgil Griffith pleaded not guilty to a charge of conspiracy to violate the International Emergency Economic Powers Act on Thursday.
2020-1-31 23:05 | |
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The United Nations (UN) is warning crypto-enthusiasts not to attend a cryptocurrency conference slated to be held in North Korea. Like the U. S. , the UN maintains that attending tech conferences in North Korea amount to a violation of international sanctions.
2020-1-16 02:00 | |
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The United Nations warns blockchain specialists not to attend a cryptocurrency conference in North Korea in February. Participation in such events could be evaluated as a violation of international sanctions against North Korea.
2020-1-21 23:50 | |
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Ethereum Foundation researcher Virgil Griffith was indicted for violating international sanctions after giving a talk in North Korea
2020-1-10 12:41 | |
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U.S. authorities arrested Ethereum researcher Virgil Griffith at Los Angeles International Airport on Black Friday on charges of conspiracy to assist North Korea with evading sanctions.
2019-12-4 20:00 | |
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Virgil Griffith, a research scientist with the Ethereum Foundation and citizen of the United States, has been arrested under the International Emergency Economic Powers Act in line with the accusation that Griffith helped North Korea understand how they can use cryptocurrency to evade United States economic sanctions on their country.
2019-11-30 10:00 | |
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The sanctions committee of the United Nations has recently accused North Korea of using a blockchain firm in order to launder money overseas. According to the committee, an investigation was conducted and it was discovered that the country was using cryptos to evade sanctions imposed on it by the international community. Marine China, a blockchain […]
2019-11-7 23:00 | |
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The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed.
2019-9-29 19:35 | |
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North Korea is hatching plans to develop its own cryptocurrency. Though the project is in its early stages, the digital currency is being designed to function like bitcoin and other cryptocurrencies and would enable the nation to circumvent crippling international sanctions, reports VICE on September 18, 2019.
2019-9-20 19:00 | |
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North Korea is supposedly preparing to develop its own cryptocurrency to dodge the strict international sanctions crippling its economy, VICE News reports. The project was announced by Alejandro Cao de Benos, the head of “Korean Friendship Association,” a group that seeks to promote international relations with the Democratic People’s Republic of Korea (DPRK).
2019-9-19 15:56 | |
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The regime linked with major hacks of crypto exchanges is reportedly building its own token to get around the tough international sanctions.
2019-9-19 12:30 | |
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North Korea [Democratic People’s Republic of Korea] has been making headlines in the crypto-ecosystem over the past few months, ever since the news of cyber-attackers based in the country surfaced.
2019-9-19 11:30 | |
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The North Korean government has set out to create its own cryptocurrency. As reported by Vice News, a government representative has recently affirmed that this new crypto would be used to avoid international sanctions and to help in the circumvention of the global financial system, which is currently controlled by the United States, one of […]
2019-9-19 22:59 | |
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Iran has been at the cornerstone of U. S foreign policy ever since the Ayatollah Ruhollah Khomeini-led revolution deposed the US-favored Shah of Iran way back in 1979. Sanctions have been crucial to this effort, with the United States using its economic muscle and superpower credential to impose often-crippling sanctions on the West Asian country.
2019-9-18 17:30 | |
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The US Treasury Department has just announced new sanctions against online criminal groups based in North Korea. The groups have reportedly conducted cryptocurrency ransomware attacks and other cyber crimes aimed at subverting international sanctions against the state.
2019-9-13 23:00 | |
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Cuba has long been subjected to American sanctions for long-standing problems with the communist government. According to sources at Reuters, Cubans are using cryptocurrencies as a means of overcoming the barrier of economic sanctions and participating in international trade, September 13, 2019.
2019-9-13 15:00 | |
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Volunteers in Iran have launched a blockchain-based platform named IranRescueBit, to enable well-meaning individuals to send bitcoin (BTC) and altcoin donations to flood victims in the country amidst the current international sanctions imposed on the nation by the Donald Trump administration, reports Aljazeera, August 14, 2019.
2019-8-15 15:00 | |
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There have been numerous news pieces detailing several countries using cryptocurrencies as tools to avoid sanctions imposed by other countries. Most of these countries are suffering from US or EU sanctions, therefore, it’s understandable that their main goal of avoiding them is to somehow fill up on these strong currencies to support their own ones.
2019-7-31 13:32 | |
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Soyuzmash, the Union of Machine Builders in Russia, has asked the Central Bank for permission to accept Bitcoin and stablecoin payments for weapons deals. This, they claim, will help them to circumvent US and international sanctions.
2019-7-26 15:00 | |
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Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U. S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay.
2019-7-26 23:15 | |
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Cuba eyeing the use of cryptocurrency in national and international commercial transactions, aiming at decentralization as well This is part of the country’s measures to boost its economy amid crisis, exacerbated by US sanctions Cuba’s Communist government has been studying the potential use of cryptocurrency as part of the measures to boost its economy amidst […]
2019-7-3 20:20 | |
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Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian.
2019-5-25 14:02 | |
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By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.
2019-5-24 22:55 | |
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As the government of the United States continues to impose sanctions on Iran, the people of the country have decided to use Bitcoin in order to escape the international sanctions. This week, the president of the U.
2019-5-11 02:52 | |
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On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.
2019-4-27 21:31 | |
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The president of Venezuela has issued an open call for foreign investors to buy up the country’s notorious state-issued cryptocurrency, despite international sanctions. Maduro ‘Welcomes’ Petro Buyers On April 25, Nicolas Maduro stated that overseas cash was needed to shore up Venezuela’s failing economy.
2019-4-25 19:00 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.
2019-4-19 23:21 | |
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Despite the heavy international sanctions it is under, North Korea has continued its weapons of mass destruction (WMD) programs undeterred thanks to the sanctions-circumvention tactics the hermit kingdom has developed.
2019-4-15 14:27 | |
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North Korea might be posturing to attack Southeast Area’s growing cryptocurrency sector, and experts say it demands international response to reduce the threat. British defense think-tank Royal United Services Institute (RUSI) has warned countries like Singapore, Thailand, Malaysia, and Vietnam could soon become targets of state-sponsored hackers intent on skirting international economic sanctions, CNBC reports.
2019-4-15 12:56 | |
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The US President has declared that an elite military force in Iran is a foreign terrorist organization. As the sanctions from the international community pile up for the Iranian government, Bitcoin and other cryptos could save their citizens from financial woes.
2019-4-9 15:55 | |
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North Korean leader Kim Jong-un is thought to be backing an elaborate scheme entailing the hacking of crypto exchanges. The group alleged to be doing the hacking is called APT 38. It’s considered to be a highly-skilled state-sponsored group of bank hackers that managed to steal $1 billion from banks to fund its nuclear weapons program, according to Wired.
2019-4-3 16:27 | |
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Two very contrasting events took place in Russia lower house parliament last week. In the first, the State Duma approved the international use of a Swift-like financial network to eliminate the risks of western sanctions.
2019-3-24 11:50 | |
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As many of our readers are probably well aware of, the South American nation of Venezuela is currently in the midst of its worst ever financial crisis— with inflation rates currently at an all-time high due to a host of international economic sanctions that have been levied against the nation. As a result of all […]
2019-3-11 19:42 | |
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The birth of a national Iranian digital currency has been postponed. However, blockchain remains a hot topic in the Islamic Republic of Iran, intertwined with international sanctions and the clash between conservatives and moderates
2019-2-13 20:11 | |
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Iran, striving to circumvent U.S. sanctions, has reportedly offered eight countries the chance to use cryptocurrencies for international transactions
2019-1-30 14:38 | |
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During an interview for the news agency Tasnim on Monday – the head of TPO or Iran’s Trade Promotion Organization highlighted how the country is taking interested and looking into using cryptocurrencies txs as a way to overcome the sanctions set by the U.
2019-1-30 01:53 | |
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Venezuela’s Cryptocurrency Has Yet To Show Its Useful One of the most interesting things that the cryptocurrency market experienced this year was the creation of the first national virtual currency called Petro.
2018-12-28 04:29 | |
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The European Central Bank is urging faster action on the digital euro as legislative delays risk hindering progress amid growing global competition. The digital euro project is facing delays in the European Union, with the European Central Bank urging faster…
In a bid to enhance Anti-Money Laundering (AML) measures, the European Banking Authority (EBA) has expanded Travel Rules guidelines to include crypto service providers and their intermediaries. Starting December 30, crypto exchanges in the EU will need to comply with…
France, Austria, Germany and other countries are expected to have elections soon, following this month's European Parliament contest.
Authorities in Austria, along with counterparts in three other nations, have taken decisive action against an online scam masquerading as a new cryptocurrency venture. In a press release on May 8, the European Justice for Criminal Justice Corporation disclosed the…
The Bank of England is introducing sweeping regulations for stablecoins and digital currencies, but some lawmakers question whether a digital pound is needed at all.
The Belgian government has announced plans to expedite the development of a European blockchain infrastructure during its EU Council presidency in early 2024. The proposal aims to enhance the secure management and storage of official documents, including driving licenses and…
The proposed guidelines are currently in the public consultation phase for the next three months and, if approved, will come into effect starting in June 2024.