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

The US dollar remained well-bid overnight, with losses versus the euro offset by gains versus Asian and Commonwealth currencies. The rise in US yields, and haven flows, continue to be supportive of the greenback, as do commodity prices, most of which are priced in US dollars. That left the dollar index trading sideways, easing 0.16% […]

“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.

Russia, sanctions, crypto– yes, three words that have this week informed one of the…

The post Coinbase CEO says Russian oligarchs won’t use crypto to evade sanctions appeared first on Coin Journal.

EU takes measures to prevent Russia from evading sanctions with crypto according to France’s Finance minister Bruno le Maire so let’s find out more today in our latest crypto news today. The European Union will crackdown on Russia’s ability to evade economic sanctions using crypto as per France’s Finance Minister Bruno Le Maire who said: […]

OpenSea banned Iranian users from its platform as the US Sanctions talks enhance and Twitter users complained about their accounts being deactivated without any notice so let’s read more about it in today’s latest cryptocurrency news. OpenSea banned Iranian users from its platform with the users claiming their accounts were terminated back on Thursday in […]

Lawmakers and regulators on both sides of the Atlantic discuss how to enforce financial sanctions against Russia in the age of decentralized currencies. Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain. U.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets. https://t.co/4lCUNcUC29 […]

The post Sanctions Against Russia Prompt New Crypto Regulations In US And EU appeared first on CryptoCoin.News.

The US Treasury will crack down on crypto transactions for all Russian entities and will also issue new rules to restrict financial transactions as sanctions against Russia so let’s read more in today’s latest cryptocurrency news. The US treasury will crackdown on the crypto transactions made with prohibited Russian entities. The rules dubbed the Russian […]

Following a historic round of strict sanctions, Russia’s economy will suffer with most foreign exchange reserve assets frozen, experts say

The post Digital Ruble Likely To Help Russia Move Away From US Dollar, Economists Say appeared first on Blockworks.

Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used by Russia to Evade Sanctions Amid growing […]

Apple discontinued support for the Russian bank apps in its app store in light of the US sanctions against the Russian banks so ApplePay will no longer support the users of cards issued by the institutions as we can see more in today’s latest cryptocurrency news. ApplePay is Apple’s digital wallet service which will no […]

Using cryptocurrencies instead of US dollars would be a violation of sanction agreements

The post Russian Financiers Could Turn To Crypto To Sidestep US, European Sanctions appeared first on Blockworks.