In response to the harsh U.S. sanctions, Venezuela’s state-run oil firm PDVSA has reportedly taken further steps to diversify its revenue streams away from traditional fiat currency and toward digital assets such as Tether (USDT). The United States Department of the Treasury requested last week that all PDVSA users and
Kraken exchange platform holds customers from the country listed in Sanction. Around 2K “verified accounts” are from Iran, Syria, and Cuba. Kraken, a notable crypto exchange, has been under investigation by the U.S Treasury Department. The investigation is due to the suspension of the platform for allowing users from restricted
A federal court yesterday ruled against a motion filed by Coinbase and other crypto industry titans arguing that US Treasury sanctions against crypto mixer Tornado Cash went too far. Six plaintiffs, including two Coinbase personnel, had their motions for summary judgment denied by Judge Robert Pitman of the US District
Binance’s U.S. Head of Investigation BJ Kang was recently added to Russia’s list of 500 sanctioned individuals after the company hired him in October of last year. Vladimir Putin has a black list that includes many Americans, including New York’s Attorney General, Letitia James. Russia has retaliated against the United
The U.S. Department of Justice is reportedly looking into whether or not top bankers helped Russian billionaires circumvent sanctions against their nation. Credit Suisse Group AG and UBS Group AG are allegedly two of the institutions under scrutiny. According to Bloomberg, the United States government has subpoenaed a number of
Crypto.com had added Russia to the list of nations it would not provide service. Bitmex, another marketplace, will also implement new limits. A number of service providers in the sector have made efforts to comply with the new restrictions imposed around a week after the European Union approved another set
Dapper Labs has suspended Russian accounts amid the European Union’s recent sanctions. Impacted users will be unable to buy, sell, or gift digital collectibles across several platforms. Dapper Labs, the blockchain and NFT-based platform have halted Russian accounts following the recent sanctions imposed by the European Union (EU) on Russia
$400,000 have been raised since the beginning of the invasion in February. The entity bought things like survival gear and ordinary military gear. According to an analysis by blockchain intelligence company TRM Labs, pro-Russian organizations are using crowdfunding campaigns. In order to raise a substantial quantity of Bitcoin and other
Formerly, Russian citizens were permitted to hold up to 10,000 Euros in crypto. More billionaires, top military leaders, and propagandists have been sanctioned. The European Council of the EU issued the eighth round of sanctions on Russia on Thursday. All cryptocurrency wallets, accounts, and custody services are now illegal for
Russia is preparing to allow international cryptocurrency payments. Moscow is now rushing to pass regulations governing the issuance, circulation, and use of digital currencies. Russian authorities announced this week that they had begun developing a mechanism for cross-border settlements with crypto assets, to reduce sanctions pressure on the Russian economy
