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.

Our team has internally been sharing ways to support people affected by the crisis in Ukraine, so we thought we’d share some of...

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns About Sanctions Evasion The Financial Crimes Enforcement Network (FinCEN), a bureau of […]

The Financial Crime Enforcement Network (FinCEN) mentioned cryptocurrency in its latest alert on Russian sanctions. FinCEN advised all financial institutions to be “vigilant against potential efforts to evade the expansive sanctions and other U.S.-imposed restrictions implemented in connection with the Russian Federation’s further invasion of Ukraine.” The agency reminds financial institutions that they have an […]

The post FinCEN Mentions Crypto in New Warning On Russia Sanctions appeared first on Coin Bureau.

“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.

The post US AML watchdog issues alert on potential crypto sanctions evasion from Russia appeared first on The Block.

An NFT artist from Russia, Olive Allen, will use the sales of her burning passport to gathered funds and support Ukraine as we can see more today in our latest cryptocurrency news. The NFT artists and Russian nationals who lived in the US for more than 11 years, burned her native country’s passport in the […]