2024-12-17 21:28 |
The U. S. Treasury’s Office of Foreign Assets Control has imposed sanctions on two individuals and a company in the United Arab Emirates for facilitating North Korea’s illicit use of digital assets.
The sanctions target Lu Huaying and Zhang Jian, both…. origin »
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Russian lawmaker proposes a national Bitcoin reserve to hedge against sanctions, aligning with efforts to integrate digital assets. The post Russian lawmaker proposes national Bitcoin reserve appeared first on Crypto Briefing.
2024-12-10 00:07 | |
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Gold has always been more than just a pretty metal; it’s a safe haven for investors when things get hard. When geopolitical events – wars, sanctions, political instability – shake the world, investors turn to gold to protect their assets.
2024-9-17 17:37 | |
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The U.S. Department of the Treasury’s Office of Foreign Assets Control has sanctioned Cambodian businessman Ly Yong Phat for his role in operating cyber-scam centers that exploited trafficked workers to run crypto scams. In a Sept. 12 press release, Phat,…
2024-9-14 13:40 | |
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Russia is developing national crypto exchanges to regulate digital assets and promote trade, but experts question their viability amid sanctions and legal hurdles. The post Russia Set to Launch State-Backed Cryptocurrency Exchanges appeared first on BeInCrypto.
2024-8-24 20:30 | |
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Russia's crypto regulation efforts underscore the increasing role of digital assets in geopolitical and economic strategies amid US sanctions. The post Russia moves to regulate crypto as US sanction pressures rise appeared first on Crypto Briefing.
2024-7-31 17:35 | |
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El Salvador has reportedly suggested using digital assets like Bitcoin for trade with Russia to circumvent the extensive economic sanctions imposed on Moscow. Alexander Ilyukhin, Russia’s first secretary at the Nicaraguan embassy and head of its El Salvador office, revealed this in an interview with Russian state media outlet Izvestia.
2024-7-30 23:00 | |
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As sanctions keep biting, Russia is exploring gold-backed tokenized assets for cross-border trades, with plans for broader testing by year-end. Russian lawmakers are exploring the introduction of gold-backed tokenized assets, directly managed by the central bank, as a solution for…
2024-7-27 14:32 | |
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A new bill introduced in the United States gives Biden broad powers to block access to digital assets. On June 5, Senator Mark Warner’s strategic amendment to the Intelligence Authorization Act for Fiscal Year 2025 was published on X. The…
2024-6-13 16:21 | |
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A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence's funding package recently without most in the industry – and many in Congress – apparently aware of it, but industry insiders consider its chances for survival to be limited.
2024-6-11 19:11 | |
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U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from U.S. sanctions.
2024-5-2 18:46 | |
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The U.S. Department of the Treasury’s OFAC has sanctioned a Russian one-way attack UAV developer, which solicited donations in crypto on Telegram. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on May 1 sanctioned nearly 300…
2024-5-2 10:29 | |
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As sanctions bite, Bank of Russia’s Nabiullina calls for faster adoption of crypto laws that would enable international transactions in crypto and digital financial assets. Russian central bank governor Elvira Nabiullina has urged Russian lawmakers to fasten the approval of…
2024-4-10 15:21 | |
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OFAC designated social media news outlet Gaza Now and its founder Mustafa Ayash for crypto fundraising efforts aimed at supporting Hamas. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) alongside the U.K.’s Office of Foreign Sanctions…
2024-3-28 10:03 | |
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Treasury Department has sanctioned Russian providers of digital financial assets, saying many of the designated entities offered services that helped evade sanctions. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned 13 entities and two…
2024-3-26 11:05 | |
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OFAC has sanctioned two Russians involved in a pro-Kremlin influence campaign, while Chainalysis found that at least one of them received funds from crypto exchange Garantex. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions…
2024-3-22 16:23 | |
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Blockchain analytics firm Elliptic revealed that the North Korea-backed hacker group Lazarus is once again using sanctioned crypto mixer Tornado Cash to obfuscate its transactions. Last year, the group ceased using the crypto mixer after US government sanctions, which were imposed due to allegations of aiding criminals in laundering illegally obtained digital assets.
2024-3-15 21:43 | |
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The U.S. Treasury sanctioned entities for illegally exporting technology to Iran, including one that developed Iran’s central bank digital currency platform. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) said in a press release that on Feb.…
2024-2-15 11:36 | |
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The Biden administration is urging Congress to consider the most significant updates to the Treasury’s sanctions authority since 2001. This move aims to better regulate the use of digital assets for financial transactions in regions impacted by terrorism. According to…
2023-11-30 11:09 | |
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Half of the 2023 sanctions from the U.S. Commodity Futures Trading Commission (CFTC) targeted digital assets companies and individuals, according to the agency's annual enforcement snapshot released on Tuesday.
2023-11-8 01:16 | |
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In a significant move to combat sanctions evasion and illicit financial activities, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Ekaterina Zhdanova, a Russian national allegedly involved in laundering and transferring funds using crypto on behalf of Russian elites.
2023-11-4 05:00 | |
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The U. S. Department of the Treasury and its Office of Foreign Assets Control (OFAC) sanctioned a Russian businesswoman on Nov. 3. The agency said that Russian national Ekaterina Zhdanova helped the country’s elites launder and move funds using virtual currency and other methods.
2023-11-3 22:40 | |
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Web3 communication protocol WalletConnect has restricted Russian users from using its service following recent sanctions by the U. S. Office of Foreign Assets Control (OFAC). “In light of the latest legal and OFAC guidance, WalletConnect has restricted the availability of the WalletConnect Protocol in Russia.
2023-11-1 14:30 | |
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The U. S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned Gaza-based crypto broker “Buy Cash Money and Money Transfer Company (Buy Cash)” and its operator, Ahmed M.
2023-10-19 21:40 | |
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The U.S. Department of the Treasury’s Office of Foreign Assets Control issued sanctions on Buy Cash, a digital asset exchange located in Gaza used by Hamas for terror financing.
2023-10-18 18:09 | |
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The Treasury Department issued a list of sanctions that included a business providing money transfers and digital assets exchange services in Gaza.
2023-10-18 17:05 | |
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Russia’s Finance Ministry official hopes that liquidity from the crypto market will help the local business to overcome sanctions pressure. Digital financial assets (DFAs), a tokenized form of traditional financial instruments issued by Russian-only companies, appear to have failed to…
2023-10-18 16:03 | |
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Despite the shadow of U.S. Treasury sanctions and a significant drop in assets, Tornado Cash, Ethereum's leading crypto mixer, has seen a resilient comeback
2023-10-10 23:12 | |
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Stephen Ehrlich, the co-founder of Voyager Digital, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC) for alleged violations of derivatives regulations. Bloomberg has revealed that the CFTC’s enforcement division staff conducted a probe into Ehrlich’s conduct, concluding that he misled customers regarding the safety of their assets. Voyager Co-founder Found In […]
2023-10-7 01:00 | |
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The collaborative efforts of the U. K. HM Treasury Office of Financial Sanctions Implementation (OFSI) and the U. S. Office of Foreign Assets Control (OFAC) have achieved another breakthrough in the battle against cybercrime.
2023-9-8 17:03 | |
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Sanctions against North Korea due to its nuclear programs have led to the country engaging in crypto theft. In 2023, North Korean hackers stole around $200 million in crypto year-to-date, as peThe post South Korea aims to freeze North Korea's crypto assets: Report appeared first on AMBCrypto.
2023-9-4 17:00 | |
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According to recent information disclosed by the reporter Colin Wu, Roman Semenov, the co-founder of Tornado Cash, has been added to the United States Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) List.
2023-8-24 20:28 | |
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The popular crypto mixer Tornado Cash, which facilitates the anonymity of transactions, has lost a lawsuit over the US Treasury Department’s sanctions. The Treasury’s Office of Foreign Assets Control (OFAC) had accused the mixer one year ago of money laundering.
2023-8-19 20:40 | |
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Nexo, a digital assets institution, is improving its position in the crypto industry through a new partnership with the Association of Certified Sanctions Specialists (ACSS), revealing a strong commitment to...
2023-7-28 18:14 | |
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July 27, 2023 – Nexo, the world’s leading institution for digital assets, in a pivotal move, has joined a vanguard of firms entering the Association of Certified Sanctions Specialists (ACSS), demonstrating a stalwart commitment to global regulatory compliance.
2023-7-27 16:37 | |
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In a significant move, Nexo, the world’s top institution for digital assets, has joined the avant-garde of companies joining the Association of Certified Sanctions Specialists (ACSS), demonstrating a steadfast dedication to international regulatory compliance.
2023-7-28 16:00 | |
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The U. S. Treasury and its Office of Foreign Assets Control (OFAC) imposed sanctions on various entities with ties to Russia on May 19. Treasury sanctions new crypto address OFAC has sanctioned several entities including Huriya Private FZ LLE, a company based in the United Arab Emirates (UAE).
2023-5-20 00:27 | |
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The Office of Foreign Assets Control (OFAC) of the U.S. Treasury has sanctioned three individuals for using illegal financing and illicit cyber activity to support the Democratic People's Republic of Korea (DPRK).
2023-4-25 01:57 | |
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The Office of Foreign Assets Control (OFAC), a division of the US Treasury Department, has taken aggressive action against five individuals living in the People’s Republic of China (PRC) and in Guatemala.
2023-4-15 00:50 | |
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The advocacy group was joined by the DeFi Education Fund in arguing that the crypto mixer has important social functions and that the sanctions from the Office of Foreign Assets Control could set a dangerous precedent.
2023-4-13 23:40 | |
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Coinbase is backing plaintiffs who want sanctions imposed by the United States government against crypto mixer Tornado Cash removed. The filing by Joseph Van Loon, Tyler Al-meida, Alexander Fisher, Preston Van Loon, Kevin Vitale, and Nate Welch, hereby as the plaintiffs, is against the United States Office of Foreign Assets Control (OFAC); Janet Yellen, the […]
2023-4-6 13:30 | |
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Members of the task force have worked to “counter Russian sanctions evasion,” which included illicit crypto transactions and money laundering schemes.
2023-3-10 19:30 | |
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As part of its broader efforts to combat illicit financing, the Treasury's Office of Foreign Assets Control (OFAC) has targeted cryptocurrency addresses to disrupt the flow of funds from the US to these sanctioned entities.
2023-2-1 23:00 | |
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The U.S. Treasury Department's Office of Foreign Assets Control (OFAC), its sanctions watchdog, has blacklisted a bitcoin and an ether address tied to sanctions evasion.
2023-2-2 20:04 | |
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The US Treasury's Office of Foreign Assets Control (OFAC) has imposed full blocking sanctions on 22 individuals and entities across several countries, including Russia and Cyprus, as part of its sanctions evasion network that supports Russia's military-industrial complex.
2023-2-1 19:28 | |
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The U. S. and other financial institutions and law enforcement agencies are stepping up their efforts to sanction crypto entities. The U. S. and its Office of Foreign Assets Control (OFAC) changed the modus operandi employed to impose sanctions.
2023-1-10 22:33 | |
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The Central Bank of Russia has enacted measures to shield digital asset-using enterprises from sanctions pressures. The move will allow crypto using platforms to operate without fear of sanctions.
2022-12-16 14:02 | |
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CFTC Commissioner Kristin Johnson is pushing for her agency to work on policies to further tighten custody of customer assets as the CFTC sanctions another crypto Ponzi scheme.
2022-12-2 00:56 | |
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The U.S. lawmaker suggested four financial regulatory heads had done little to address “crypto billionaire bros” using digital assets for the evasion of sanctions and taxes.
2022-11-17 20:46 | |
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XClaim, an agency that helps investors claim their assets from entities that have gone bankrupt, is set to go under sanctions hearing in U.S. Bankruptcy courts. XClaim is part of the team helping account holders recover funds from entities like…
2022-10-28 19:00 | |
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U.S. Treasury aims to cripple the North Korea's ability to convert crypto heists into usable currency for its weapons programs.
Indian police have arrested Aleksej Besciokov, co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the U.S. and the European Union for facilitating money laundering. Besciokov, a Lithuanian national, was detained in Varkala, Kerala, under India’s extradition law, according to…
However, the new law doesn't lift the existing ban on crypto payments inside the country.
Lithuania has imposed a €9.3 million ($10.07 million) fine against local cryptocurrency firm Payeer over sanctions violations, Reuters reported on Wednesday. Specifically, Lithuania’s financial crimes watchdog, the Financial Crimes Investigation Service (FNTT), penalized the regulated crypto company for facilitating the…
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million.
The laws are to ensure sanctions rules are applied uniformly across the EU's 27 member states.