Tag: circumvent sanctions
Mastercard and Binance end crypto card partnership
Binance Lifts Ban On Russian Users, But Not On P2P
Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia
U.S. Department Of Justice Shuts Down Crypto Exchange Bitzlato, CEO Arrested
Harvard Research Paper Tells Governments And Central Banks To Hold Bitcoin
ECB President Warns Crypto Companies Against Helping Russians Avoid Sanctions
Elliptic Identifies ‘Several Hundred Thousand Crypto Addresses’ Tied to Russia-Based Sanctioned Actors
Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion
US Senator Elizabeth Warren Drafts New Crypto Legislation Targeting Russian Sanctions Evasion: Report
As tensions between the United States and Russia spread across numerous sectors, Senator Elizabeth Warren is looking to crack down on potential cryptocurrency loopholes. According to an NBC News report, the Massachusetts senator is drafting legislation to bolster sanctions the US imposed after Russia first invaded Ukraine two weeks ago. Warren recently co-signed a letter […]
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US AML watchdog issues alert on potential crypto sanctions evasion from Russia
“Although we have not seen widespread evasion of our sanctions using methods such as cryptocurrency, prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people,” said Acting Director of FinCEN Him Das.
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Biden to Sign Crypto Order as Industry Faces Sanctions Pressure
According to many persons familiar with the administration’s preparations, President Joe Biden is expected to issue an executive order this week outlining the US government’s cryptocurrency strategy. *BIDEN TO SIGN CRYPTO ORDER AS INDUSTRY FACES SANCTIONS PRESSURE — *Walter Bloomberg (@DeItaone) March 7, 2022 The order will urge federal agencies to look into potential regulatory reforms, as well as the national security and economic implications of digital assets. The White House’s attitude to cryptocurrency has received renewed attention in recent weeks as a result of sanctions imposed by Washington and its allies on Russia, raising concerns that corporations and individuals in the country could utilize cryptocurrency to circumvent the limits. The order, which has been in the works since last year, would require federal departments across the board to report on their digital asset policies later this year. Industry leaders complain about a lack of clarity on US laws, putting pressure on Biden’s staff to play a greater coordinating role. We’ve known this for months. https://t.co/JYZwwGrK3a — The Wolf Of All Streets (@scottmelker) March 7, 2022 Meanwhile, lawmakers such as Senator Elizabeth Warren and Senate Banking Committee Chairman Sherrod Brown are closely scrutinizing the crypto industry, citing worries that sanctioned persons and firms in Russia may be exploiting digital assets to circumvent sanctions. Nonetheless, given the small scale of the market, several researchers and officials have questioned how successful workaround crypto could be.
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