The US Government has named entities and individuals allegedly responsible for providing crypto products and services that aided in the evasion of sanctions on Russia.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) uthi that it has “sanctioned thirteen entities and two individuals for operating in the financial services and technology sectors of the Russian Federation economy.”
According to the agency, many of the designated individuals and entities “facilitated transactions or offered other services that helped OFAC-designated entities evade sanctions.”
Among the designated entities include the Moscow-based fintech firm B-Crypto, which OFAC accuses of partnering with Rosbank to enable Russian exporters to make cross-border payments using crypto assets. Rosbank is a Russian commercial bank that is also under US sanctions.
Other designated entities are Moscow-based fintech firms Masterchain, Laitkhaus, and Atomaiz. Peer-to-peer crypto exchange Bitpapa and centralized digit asset exchange Crypto Explorer were also sanctioned.
Firms based outside Russia that were sanctioned include Eastern European companies such as the Cyprus-based Tokentrust Holdings and the Estonia-based Bitfingroup.
Blockchain technology firms Veb3 Integrator and Veb3 Tekhnologii as well as fintech firm TOEP which operates a crypto exchange were also placed on the list of entities supporting the evasion of sanctions by Russian firms and individuals. The two firms are based in Moscow.
The two sanctioned individuals are Igor Veniaminovich Kaigorodov, the majority shareholder of Veb3 Integrator and Veb3 Tekhnologii and Timur Evgenyevich Bukanov, the owner and director of TOEP.
While some of America’s economic and trade sanctions on Russia have existed for decades, some of the most severe ones were kufakwe following Russia’s invasion of Ukraine in February of 2022.
Last year in May, it was kubika that the world’s largest crypto exchange Binance was being investigated by US authorities over possible violation of sanctions on Russia.
Ungaphuthelwa yi-Beat - Bhalisa ukuze uthole izaziso ze-imeyili zilethwe ngokuqondile ebhokisini lakho lokungenayo
Hlola Price Action
Silandele ku Twitter, Facebook futhi yocingo
Surf I-Daily Hodl Mix
Ukuzikhulula: Imibono evezwe kuDaily Hodl akusona izeluleko zokutshala imali. Abatshalizimali kufanele benze ukukhuthala kwabo ngaphambi kokwenza noma yikuphi ukutshalwa kwemali okuyingozi enkulu kwiBitcoin, i-cryptocurrency noma impahla yedijithali. Uyaziswa ukuthi ukudluliselwa kwakho nokuhweba kusengozini yakho, futhi noma yikuphi ukulahlekelwa ongakuthola kungumthwalo wakho wemfanelo. I-Daily Hodl ayikukhuthazi ukuthengwa noma ukuthengiswa kwanoma yiphi i-cryptocurrencies noma impahla yedijithali, futhi ne-The Daily Hodl ingumeluleki ngokutshalwa kwezimali. Uyacelwa ukuthi uqaphele ukuthi iDaily Hodl ibamba iqhaza kwezentengiso ezihambelana nayo.
Isithombe Esenziwe: Midjourney
- I-SEO Powered Content & PR Distribution. Khuliswa Namuhla.
- I-PlatoData.Network Vertical Generative Ai. Zinike Amandla. Finyelela Lapha.
- I-PlatoAiStream. I-Web3 Intelligence. Ulwazi Lukhulisiwe. Finyelela Lapha.
- I-PlatoESG. Ikhabhoni, I-CleanTech, Amandla, Environment, Ilanga, Ukuphathwa Kwemfucuza. Finyelela Lapha.
- I-PlatoHealth. I-Biotech kanye ne-Clinical Trials Intelligence. Finyelela Lapha.
- Source: https://dailyhodl.com/2024/03/27/u-s-treasury-department-targets-13-russian-firms-allegedly-offering-crypto-related-services-to-avoid-sanctions/
