US sanctions Russian crypto platforms for money laundering ties

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

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Tornado Cash sanctions effective, reveal Ethereum weakness: NY Fed

Cooperation with the US Treasury sanctions on Tornado Cash was strongest at the user level and weaker further along the settlement chain.

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Watchdog alleges Super Micro is riddled with accounting, sanctions scandals

Hindenburg Research has uncovered evidence of big problems with a major AI hardware provider.

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Binance under scrutiny for seizing Palestinian crypto funds

Binance denied reports suggesting that the crypto exchange seized funds from all Palestinians, stating that only a small number of accounts was restricted.

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OFAC Sanctions Russian UAV Developer KB Vostok Amid Ukraine Conflict

OFAC imposes sanctions on Russian drone developer KB Vostok, linked to Ukraine invasion, disrupting Russias military supply chain. (Read More)

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Crypto remittances in Venezuela surge as economic situation worsens

Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.

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Russia Legalizes Bitcoin And Crypto for International Trade To Bypass Sanctions

However, the new law doesn't lift the existing ban on crypto payments inside the country.

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Iran to launch public CBDC pilot in June

Unlike other types of electronic money in Iran, the digital rial doesnt require interbank settlement to transfer funds between buyers and sellers.

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US prosecutors oppose Ethereum devs motion to reduce 5-year sentence

In April 2022, a judge sentenced Virgil Griffith to 63 months in prison for violating U.S. sanctions on North Korea.

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OFAC Designates Nordic Resistance Movement as SDGT

OFAC sanctions Nordic Resistance Movement for violent extremism and crypto-funded terrorism. (Read More)

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Tornado Cash sentence 'radically unfair and unreasonable' Nym CEO

CEO Harry Halpin pointed to history and used Nazi Germany as an example of why digital privacy must be protected in the 21st century.

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US lawmakers warn of Iranian crypto miners threatening national security

According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations.

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SEC tries again for Debt Box suit dismissal with option to refile

The SEC says case dismissal without prejudice is normally granted when a plaintiff requests it, but the court has criticized the agencys current suit.

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Judge rules US Treasurys OFAC powerless to reinstate Tornado Cash sanctions

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is unable to reverse sanctions imposed on Tornado Cash, a popular Ethereum mixer service. Despite efforts to reach out to OFAC for clarification on the matter, it seems the sanctions placed on Tornado Cash will remain in place. This development has raised concerns [...]

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EY Privacy Level 2 Update: Tornado Cash Sanctions Lifted, Alleviating Concerns

After rolling out its Nightfall 3 upgrade for Ethereum earlier this year, Ernst & Young (EY) has announced another significant development to enhance the scalability and efficiency of the popular blockchain platform. The global professional services firm has introduced Nightfall ZK-Rollup, a new addition to its suite of tools aimed at improving transaction processing on [...]

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TRM Labs: DeFi Gains Traction in Yemen as Traditional Banking Faces Sanctions Pressure

Crypto adoption in Yemen is rising rapidly amid U.S. sanctions and financial restrictions, with over 63% of web traffic to DeFi website

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Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions

The government of Russia is preparing to regulate the establishment and action of crypto exchanges, abandoning its earlier proposal of the creation of a unique national platform. Anatoly Aksakov, head of the Russian State Duma Financial Markets Committee, stated that crypto exchanges could help Russia to bypass sanctions by using crypto to settle international payments.

The post Russia to Enact Laws to Regulate Crypto Exchange Action; Profiles Use of Cryptocurrency to Bypass Sanctions appeared first on BTC Ethereum Crypto Currency Blog.

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US Imposes Sanctions on Cryptocurrency Addresses Tied to Nemesis Darknet Marketplace

The United States imposes sanctions on the operator of a notorious darknet marketplace, known as the nemesis. The individual behind this illegal online platform has faced severe consequences for engaging in illicit activities and enabling criminal enterprises to thrive in the shadows of the internet. Despite the anonymity and encryption typically associated with darknet marketplaces, [...]

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UN Report: Crypto Crime Provided North Korea up to Half of Its Foreign Currency Income

A report issued by a United Nations panel of experts has concluded that cyber crypto heists have provided 50% of the foreign currency income for North Korea since 2017. The report indicated that North Korean actors have been linked to 17 theft and hack events involving over $750 million in 2023 alone, and details several [...]

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No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of [...]

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