EU’s Russian Crypto Ban Confirmed as Bloc Tightens Sanctions
All crypto payments from Russians to European wallet providers will be forbidden under the measures. Source
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Sanctions
Latest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report Unveils – Bitcoin News
New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services to Russian residents and companies. EU Expected to Target
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How to Deal With Tornado Cash (Without Using Sanctions)
Coin Center, a Washington, D.C., nonprofit that advocates for decentralized computing technologies, argued that OFAC had overstepped its authority. According to its rules, OFAC can only target entities that are individuals or companies. But Tornado Cash smart contracts are neither; they cannot alter their behavior, nor lodge an appeal with
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Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say – Finance Bitcoin News
Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial restrictions imposed by the West
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Nicolas Maduro Tempts West With an Abundance of Oil and Gas, Venezuelan President Wants Sanctions Lifted – Economics Bitcoin News
Amid the economic rumblings across the world and the energy crisis in Europe, Venezuelan president Nicolas Maduro has said his country is ready to step up and help with oil. Despite the fact that Venezuela has the largest supply of crude oil in the world, U.S. economic sanctions imposed in
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US Treasury official says crypto mixers are a ‘concern’ in enforcing sanctions
Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the United States Department of the Treasury, suggested sanctioning cryptocurrency mixers could help strengthen the government’s response to foreign entities looking to use digital assets for illicit means. In a Tuesday hearing of the Senate Banking Committee, which covered
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Why Russia Isn’t Relying on Crypto to Evade Sanctions
Yes, crypto has limitations. But the traditional banking system is a more attractive place for money laundering regardless. Source
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Crypto Miners From US, EU Stay Put in Russia Despite War, Sanctions
This capacity, comparable to BitRiver’s, is in high demand among clients from Germany, the U.K., the U.S., Canada, Iran, Japan, New Zealand and other countries as well as local Russian miners, said MEATEC’s head of foreign relations, Alexander Swid. Europe accounts for around 50% of the mix; Russia, up to
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OFAC Backtracks but Tornado Cash Sanctions Already Set a Terrifying Precedent
Coinbase’s lawsuit claims the sanctions themselves are a violation of the First Amendment, which establishes the right of free speech. In the landmark case of 1996, Bernstein v. the Department of Justice (DOJ), it was established that computer code should be considered speech, and the right to free speech is
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US Treasury sanctions 5 crypto addresses connected to Russian neo-Nazi paramilitary group
The United States Department of the Treasury added five cryptocurrency addresses tied to a neo-Nazi group involved in Russia’s war on Ukraine to list of entities sanctioned by the Office of Foreign Asset Control.In a Thursday notice, the U.S. Treasury designated 22 individuals and 2 entities, including many the government
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