Tag Archives: sanctions

CoinspeakerOKX and Bybit Remove 2 Russian Banks from Payments List, Here’s Why The spotlight recently came on sanctioned Russian banks after they were spotted as payment options on some top crypto exchanges. OKX and Bybit Remove 2 Russian Banks from Payments List, Here’s Why

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up North Korea is back in the news when it comes to crypto. It appears the country just won’t go away and is still doing all it can to get its paws on illicit digital currencies, but countries like the United States are fighting back. North Korea Is At It Again It has been revealed that the Justice Department...

North Korea and the United States are once again going at each other’s throats in the name of cryptocurrency activity. This time, it looks like the U.S. has put sanctions in place against North Korea-based crypto mixer Tornado Cash, which at the time of writing, is alleged to have laundered more than $7 billion in digital funds. North Korea Has Been Using Tornado for the Wrong Reasons North Korea has long been the subject of crypto speculation amongst North American...

The Blockchain Group is working to prevent members of Congress from passing legislation that would place sanctions on oligarchs or individuals in Russia for using cryptocurrency. The organization claims that these people are not using crypto for illicit purposes and thus they do not deserve to be punished. The Blockchain Group Seeks to Prevent Various Crypto Laws Sanctions have been placed on Russia since the country allegedly invaded Ukraine last February. There are...

The United States is imposing more sanctions on Russia for its alleged involvement in the Ukraine invasion. The country is now saying it will penalize all crypto miners who seek to assist Russia in evading the present regulations set forth by the U.S. and its allies. Russia Is Getting Hit Again The United States has long been at it with Russia. The country potentially invaded Ukraine back in February despite many attempts from the U.S. and other countries to dissuade it...

Crypto expert Virgil Griffith was sentenced to five years in prison after pleading guilty last year to conspiracy. Virgil Griffith Will Serve Time Behind Bars Griffith had been charged with helping North Korea use cryptocurrencies to avoid sanctions. He will serve his prison term in a federal corrections facility. At 39 years of age, Griffith traveled to North Korea’s capital of Pyongyang in 2019 to take part in a crypto-based conference even after the U.S. government...

For the past month or so, many regulators and members of the U.S. government have expressed concern that Vladimir Putin and Russia may be trying to use crypto to avoid recent sanctions. However, at the time of writing, there is no evidence to suggest this is happening. Russia May Not Have Strong Access to Crypto This sentiment comes from Jonathan Levin – co-founder and chief strategy officer at Chainalysis, a blockchain analysis firm – and a panel of alleged experts, who...

Members of Congress like Senator Elizabeth Warren – a democrat of Massachusetts – have written a letter to Janet Yellen, the Treasury Secretary under Biden, to ensure that crypto exchanges are working with the U.S. government to ensure that sanctions imposed on Russia are being fully complied with. Elizabeth Warren Is Worried Crypto Can Help Russia Elizabeth Warren – along with Senators Sherrod Brown, Mark Warner, and Jack Reed – want to make sure that crypto exchanges...

Analysts are convinced that Russia may utilize cryptocurrency to avoid sanctions recently imposed due to its attack on Ukraine. What Will Russia Do with Crypto? Last week, the U.S. imposed sanctions on Russia for its invasion of Ukrainian territory, but many industry experts believe that these sanctions aren’t going to go anywhere, and that Vladimir Putin could potentially turn to digital assets to avoid whatever’s been imposed on his nation by the American government....

Not long ago, a crypto expert by the name of Virgil Griffith caused a stir when he attended a blockchain conference in North Korea – a country sanctioned by the United States – and offered a seminar on how blockchain could potentially be used to hide transactions and avoid financial prying from the West. Virgil Griffith Will Be Sentenced Soon The conference took place in 2019. Now, Griffith is facing the tune of his actions and has pled guilty to helping North Korea...