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The post Warren and Sherman Are Going After Crypto appeared first on Unchained Podcast.

As the conflict in Ukraine continues to escalate, lawmakers are taking a closer look at digital assets and how they could be used to commit crimes

The post Impossible for Russia To Evade Sanctions With Crypto, FinCEN Rep Says appeared first on Blockworks.

Democrat Senator Elizabeth Warren of Massachusetts has recently issued a statement saying that cryptocurrency exchanges in America and around the world should enforce the country’s sanctions against Russia and cut off business stemming from that neck of the woods. To make sure this happens, she is now drafting a bill that she believes will make...

The post Elizabeth Warren Drafts New Crypto Sanctions Bill appeared first on Live Bitcoin News.

On March 7, 2022, the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury published guidance (Guidance) for US financial institutions warning about: (1) efforts of foreign actors to evade expanding US economic sanctions and trade restrictions related to the Russian Federation and Belarus and (2) increased risk of malicious cyber-attacks and related... Continue Reading

Blockchain technology has had a huge impact on the financial sector. Although many traditional financial institutions like Bank of America use blockchain, it is still mostly used for cryptocurrency transactions. The benefits of the blockchain network are soon going to be put to the test. There are indicators that Russia is going to start moving […]

The post Will Blockchain Be Resilient for Russians Using Cryptocurrencies? appeared first on SmartData Collective.

Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank,…

The post Deutsche Bank to Exit Russia, Says There Will Be No New Business There appeared first on Bitcoin News Miner.

A new task force set up by the U.S. Department of Justice (DOJ), KleptoCapture, will also target cryptocurrency exchanges. Financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money “will be in the crosshairs of this investigation.” DOJ’s KleptoCapture Task Force Will Take ‘Broader View’ A new Department of […]

Estonia is making ready to implement a set of recent anti-money laundering guidelines that may stiffen necessities for crypto corporations working underneath Estonian license. The modifications come amid considerations that Russia might use crypto to evade western sanctions and an ongoing audit of the Baltic nation’s AML insurance policies. Government of Estonia Creates Stricter Regulatory […]

The post Upcoming AML Regulations in Estonia to Affect Cryptocurrency Industry – Regulation Bitcoin News appeared first on Bitcoin Upload.

As millions of dollars in cryptocurrency have flowed into Ukraine, the country has turned such donations into thousands of bulletproof vests, packed lunches, medicine items and other supplies for the armed forces. Ukraine’s deputy minister of Digital Transformation Alex Bornyakov shared Friday a list of supplies that have been bought since March 1 using funds […]

The post Ukraine turns crypto donations into 5,550 bulletproof vests, 500 helmets and more appeared first on The Block.

Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia may use cryptocurrencies to evade sanctions imposed due to its invasion of Ukraine. Chainalysis Offers Crypto Industry New Sanctions-Screening Tools As the military conflict in […]

Joe Biden is slated to sign an executive order on cryptocurrency sometime this week. The executive order will be directed towards the regulation and trading of digital currency. Joe Biden Seeks Further Crypto Establishment Given Biden’s history with crypto, traders should be a little worried about what’s to come. Remember last summer’s infrastructure bill? The...

The post Biden Slated to Implement New Crypto Regulation appeared first on Live Bitcoin News.

Cryptocurrency is being used both to fund Ukraine’s defense and prevent Russia’s ability to skirt sanctions in what may become a pivotal moment for the industry.