Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended to cut Iran off from the global financial system, blockchain data …
2 Venezuelans and 5 Russians Accused of Using Cryptocurrency to Evade Sanctions
The United States today announced the takedown of a Russian-Venezuelan network that used Tether (USDT) to trade outside the traditional banking structure, thus evading international sanctions. One of …
Sanctioning a cryptocurrency protocol: What does that mean for Web3?
In August 2022, the Office of Foreign Assets Control (OFAC) of the United States Treasury Department sanctioned a cryptocurrency “mixer” – programmes used to increase the anonymity of crypto …
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TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash
According to data from block explorer, Etherscan, the attacker of the TempleDAO hack, has moved the funds stolen via the recently sanctioned crypto mixer, Tornado Cash. This information was first …
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Have U.S. Crypto Sanctions Gone Too Far?
There’s something alluring about North Korea for those on the edges of the western crypto world. Earlier this year, the hacker Virgil Griffith was sentenced to five years for helping Kim Jong-Un’s …
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What is the future for cryptocurrency mixers after U.S. sanctions on Tornado Cash?
Cryptocurrency mixers, a software that provides anonymity in crypto transactions, are at the forefront of the latest clash between regulators and the emerging world of digital assets, with legal …
In a Record, Crypto Exchange Is Fined $24 Million for Breaking U.S. Sanctions
The cryptocurrency exchange Bittrex was fined $24 million for breaking United States sanctions, the Treasury Department announced on Tuesday, the largest penalty the government has imposed on a crypto …
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EU’s Russian Crypto Ban Confirmed as Bloc Tightens Sanctions
The European Union has confirmed a sweeping ban on providing crypto services to Russians as it tightens sanctions in the wake of what it calls “sham” secession votes in four Ukrainian regions. The …
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Pro-Russian groups are raising funds in crypto to prop up military operations and evade U.S. sanctions
Pro-Russian groups are raising funds in cryptocurrency to prop up paramilitary operations and evade U.S. sanctions as the war with Ukraine wages on, a research report published Monday revealed. As of …
Brazil’s Securities Market Regulator Targets Mercado Bitcoin over Token Sale
The Brazilian Securities and Exchange Commission (CVM), the securities market regulator in Brazil, has ordered Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, to provide information on …
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