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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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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Iranian National Crypto To Face Sanctions Imposed By US Lawmakers A number of western governments and international human right groups have increased pressure on the Islamic Republic of Iran over their systemic violations of human rights.
2018-12-23 19:01 | |
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The government of Venezuela recently announced the intended sale of its oil using the Petro cryptocurrency to circumvent U. S economic sanctions come 2019. Circumventing U. S. Sanctions According to Venezuela-based satellite tv, TeleSUR, Venezuelan President, Nicolas Maduro announced that country would create a basket of cryptocurrency for oil-backed state cryptocurrency, Petro.
2018-12-8 12:14 | |
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Amid faltering relations with the US and its close allies, Russia has found itself faced with severe economic sanctions. The fact that the world has for a long time depended on the US dollar for international transactions has made matters worse.
2018-11-30 21:53 | |
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For the first time, the U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has traced illicit bitcoin activity to the public addresses of two sanctioned individuals.
2018-11-29 21:41 | |
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The leading crypto industry association in Crimea has proposed establishing an international training center to prepare experts from countries that have been placed under western sanctions. The idea is to use advanced technologies associated with cryptocurrencies to attract foreign investors to these jurisdictions.
2018-11-17 22:20 | |
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Crimea, a disputed territory between Ukraine and Russia, is heading towards the creation of an international center for blockchain technology. Authorities in the Crimean Peninsula regard blockchain technology as a solution for states under international sanctions.
2018-11-17 16:30 | |
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Crypto exchange Binance is advising its remaining users in Iran to withdraw their money as the cryptocurrency exchange seeks to comply with international sanctions. “If you have an account with Binance and fall into that (sanctions) category, please withdraw your assets from Binance as soon as possible,” – reads an email received in recent days […]
2018-11-17 16:02 | |
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Binance is advising its remaining users in Iran to withdraw their money as the cryptocurrency exchange seeks to comply with international sanctions.
2018-11-16 00:00 | |
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Global provider of secure financial messaging services, SWIFT, has ousted the Central Bank of Iran (CBI) from its financial banking system. The US-led sanctions will make it difficult for Iran to settle its international deals.
2018-11-13 18:00 | |
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The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to more than 200 countries.
2018-11-13 00:00 | |
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Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.
2018-10-31 17:17 | |
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Members of the ruling elite in North Korea are suspected of launching two scams aimed at exploiting gullible crypto investors still attempting to get in early on a potential moon shoot. The totalitarian state is thought to be using such schemes to stay afloat in the face of international sanctions.
2018-10-27 00:00 | |
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North Korea is a country that has been hit hard by U.S. sanctions in recent years, as the international community, and specifically the United States government attempts to push its… The post North Korea Can Use Hot Virtual Wallets to Circumvent U.S. Sanctions appeared first on CoinCentral.
2018-10-2 18:37 | |
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Bybit EU has secured a three-year title partnership with the Stockholm Open, renaming the tournament the Bybit Stockholm Open from 2026 to 2028.
From Jan. 1, 2026, DAC8 forces crypto platforms serving EU users to collect KYC and transaction data on trades and withdrawals, including to self-custody wallets. Cryptocurrency firms operating in the European Union began collecting tax data on January 1, 2026,…
Europe’s securities watchdog ESMA has warned crypto companies not to falsely promote their MiCA-regulated status to avoid misleading investors. The European Securities and Markets Authority issued a warning to crypto companies on Friday, urging them not to use their regulated…
Plasma, a startup focused on stablecoins, raised an impressive $500 million in its latest public token offering, far surpassing its initial target. On June 9, Plasma announced on X that its public token sale for XPL sold out in just…
Authorities in Europe have dismantled a massive cryptocurrency-based money laundering network that moved over €21 million for criminal groups across China and the Middle East. According to a May 14 statement, Europol coordinated with Spanish, Belgian, and Austrian law enforcement…
Blockchain-focused privacy protocol COTI will collaborate with the ECB to implement its privacy technology for the upcoming digital euro. COTI, a privacy-centric layer-2 solution on Ethereum, has been selected as one of the pioneer partners in the European Central Bank’s…
Europe's central bank is pushing for the digital Euro, hoping to implement it by October this year.