Tag: us sanctions

Aug 27 2022

US Sanctions Limiting Privacy Software Use, Crypto Firms

Earlier this month, the U.S. Treasury Department sanctioned a ban on Tornado Cash, a crypto privacy tool that mixes funds of different users to hide original source of crypto funds. The authority alleged the mixer firm for helping bad actors to launder more than $7 billion in digital assets since its initiation in 2019. As cryptocurrency has caught hype worldwide, it has also...

Aug 12 2022

Just In: Suspected Tornado Cash Dev Detained After U.S. Ban

Aug 12 2022 Published at Coingape under tags  news tornado cash us sanctions

The Fiscal Information and Investigation Service (FIOD) of the Netherland announced that it has arrested the suspected developer of the Tornado Cash. Recently, a U.S agency launched sanctions over the crypto...

Aug 11 2022

Iran Concludes $10 Million Import Using Crypto. US Sanctions Dead?

Iran recorded its first formal order for the import of goods valued at $10 million and paid for in cryptocurrency, marking a historic defining moment in the usage of cryptocurrencies. The Ministry of Industry, Mine and Trade says the country intends to employ cryptocurrencies extensively in its international trade with target countries, according to a local Iranian news source. Iran Turn Towards Crypto...

Apr 23 2022

U.S. Sanctions More North Korean ETH Addresses Over $600M Ronin Hack

The U.S. Department of the Treasury last week connected North Korean hacking organization Lazarus to an ETH wallet used in last month's $622 million Ronin Network hack, a sidechain established for the play-to-earn game Axie Infinity. Now, the Treasury Department's Office of Foreign Asset Control (OFAC) has added three Ethereum addresses to its blacklist, including an address already named as being associated with...

Apr 21 2022

U.S. Unleashes New Sanctions Against Russian Oligarchs, Bank And Crypto Miner BitRiver

The US Department of the Treasury is targeting companies, oligarchs, and bitcoin miners operating in Russia for the first time ever as the country's conflict on Ukraine enters its third month. Treasury officials announced Thursday that the department is now pursuing the Russian commercial bank Transkapitalbank, as well as a network of more than 40 individuals, including oligarchs like Konstantin Malofeyev, for allegedly...

Mar 31 2022

Don’t Help Russia, Or Else… Treasury Official Says US Will ‘Come And Find You’

Mar 31 2022 Published at Bitcoinist.com under tags  adeyemo crypto crypto news news russia

The US would hold responsible anyone who assists Russia in circumventing financial sanctions in the aftermath of the Kremlin's act of terrorism on Ukraine, US Deputy Treasury Secretary Wally Adeyemo said Tuesday. Russia has been punished with severe financial and economic sanctions by the US and its allies as a result of its invasion on Ukraine. However, US legislators are apprehensive that those...

Mar 16 2022

Afghans Became Crypto-friendly Amid US Sanctions

Since the Taliban took over Afghanistan in August of last year, US authorities have cut off financial sources to disrupt the state's economy. As a result, money transfers became a severe problem for Afghans. Sanctions by the US unable Afghans from receiving foreign aid. But, cryptocurrencies popped up as an alternative payment medium...

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