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Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By sanctioning these reserves, we can further isolate Russia
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The Treasury Department and reportedly the White House are warning U.S.-based companies and individuals not to facilitate crypto transactions sent to certain Russian nationals and banks.According to regulations from the Treasury Department’s Office of Foreign Assets Control scheduled to go into effect on March 1, U.S. residents may not use
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Stocks are in rally mode as well, with the Nasdaq – down nearly 3% at its worst levels – currently up 2.4%. The S&P 500 is now ahead 0.6%. Paring earlier gains in a big way is gold, which is off about $100 from the morning hours, and now down
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The alleged stance of Burberry has caused severe hatred for its brand in China with Regina IP, a Hong Kong lawmaker saying she will stop buying the Burberry products. Just recently, the UK took a bold step to impose a sanction on the happenings in Xinjiang, the western Chinese Region. In
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Crypto payments platform BitPay has settled with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on charges of over 2,000 apparent sanctions violations.According to an enforcement notice published on Feb. 18, BitPay will pay $507,375 on allegations it allowed individuals in sanctioned locations like Ukraine’s Crimea region, Cuba,
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