![BIS mulls ending mBridge pilot touted by Putin as dollar alternative: report](https://crypto.news/app/uploads/2024/07/crypto-news-Defi-needs-some-fine-tuning-before-it-can-replace-banking-as-we-know-it-option01-880x523.webp)
Sanction News
Latest Sanction News
![Bitcoin miners in Russia worry about sanctions as government starts collecting wallet addresses](https://crypto.news/app/uploads/2024/12/crypto-news-coins-Russia-option04-880x523.webp)
News
Russian Bitcoin miners fear exposure to sanctions as the government compiles a registry containing wallet addresses and other sensitive data. Bitcoin (BTC) miners in Russia aren’t thrilled about a new government registry that’s scooping up sensitive data, including crypto wallet…
![Russia’s official backs CBDC as key tool for business to dodge sanctions: report](https://crypto.news/app/uploads/2024/12/crypto-news-coins-Russia-option01-880x523.webp)
News
A Russian lawmaker has emphasized the digital ruble’s role in helping businesses bypass sanctions and streamline operations. Russia’s central bank digital currency — also known as the digital ruble — will simplify life for entrepreneurs, especially those impacted by sanctions,…
![Bitmain co-founder’s AI chip venture blacklisted by US](https://crypto.news/app/uploads/2024/02/crypto-news-Bitcoin-mining-equipment-option01-880x525.webp)
News
The U.S. has added Sophgo Technologies, the AI chip firm owned by Bitmain co-founder Zhan Ketuan, to its trade blacklist. The U.S. has blacklisted Sophgo Technologies, the AI chip company founded by Bitmain co-founder Zhan Ketuan, over concerns its chips…
![Tornado Cash’s TORN price surges 120% amid news of sanction relief](https://crypto.news/app/uploads/2024/03/crypto-news-Tornado-airdrop-coins-option01-880x525.webp)
News
Tornado Cash’s TORN token jumped 124% on Jan. 22 as speculators reacted to news that a court ruling lifted U.S. sanctions on the platform’s smart contracts. Tornado Cash’s (TORN) token surged 124% on Jan. 22 following a Jan. 21 court…
![Tornado Cash](https://coin-images.coingecko.com/coins/images/13496/large/ZINt8NSB_400x400.jpg?1696513257)
![Ukraine promises sanctions over Russia’s use of Bitcoin in foreign trade: report](https://crypto.news/app/uploads/2024/01/crypto-news-Ukraine-flag-option01-880x525.webp)
News
Ukraine is gearing up to block Russia’s use of Bitcoin and other cryptocurrencies in foreign trade, with sanctions already in the works. The government of Ukraine has unveiled plans to impose “sanctions and other solutions” aimed at blocking Russia‘s use…
![South Korea sanctions DPRK hackers behind crypto attacks](https://crypto.news/app/uploads/2024/07/crypto-news-North-Koreas-digital-infiltration-option01-880x523.webp)
News
South Korea has imposed new sanctions on North Korean hackers responsible for stealing over $1 billion in crypto, with the illicit funds fueling the regime’s weapons programs. The South Korean government has announced sanctions on the 313 Bureau, a North…
![BIS mulls ending mBridge pilot touted by Putin as dollar alternative: report](https://crypto.news/app/uploads/2024/07/crypto-news-Defi-needs-some-fine-tuning-before-it-can-replace-banking-as-we-know-it-option01-880x523.webp)
News
The Bank for International Settlements is mulling ending a cross-border payments platform eyed by the Russian president as a tool to bypass U.S. sanctions. The Bank for International Settlements is reportedly debating the future of its mBridge cross-border payments project…
![How Putin proposed to ‘destroy the US dollar’ and what digital assets have to do with it?](https://crypto.news/app/uploads/2024/02/crypto-news-Putin-option01-880x525.webp)
Follow-up
Russia hosted the BRICS summit, where Vladimir Putin proposed a new financial system without the dollar. What is known about it? During the BRICS summit in Kazan, Russian President Vladimir Putin noted that the issue of creating a single currency…
![Tether](https://coin-images.coingecko.com/coins/images/325/large/Tether.png?1696501661)
![Moscow probes Cryptex, UAPS just days after US sanctions](https://crypto.news/app/uploads/2023/12/crypto-news-Russian-Banker-option05-880x525.webp)
News
Russia has launched a criminal case against the founders of the anonymous payment system UAPS and Cryptex just days after OFAC imposed sanctions. Russian authorities have opened a criminal probe into the founders of the anonymous payment system UAPS and…
![Sanctioned BitRiver sees Russia poised to surpass US in Bitcoin mining by 2027 with Kremlin’s support](https://crypto.news/app/uploads/2024/03/crypto-news-Binance-Russia-option02-880x525.webp)
News
Sanctioned crypto mining firm BitRiver suggests Russia could soon outpace the U.S. in mining due to favorable regulations. As U.S. presidential candidates increasingly highlight the importance of blockchain and crypto mining leadership, sanctioned crypto mining firm BitRiver is optimistic about…
![Russia set to trial crypto for trading goods with military applications: report](https://crypto.news/app/uploads/2024/03/crypto-news-Binance-Russia-option02-880x525.webp)
News
The Russian government has formed a focus group to trial crypto payments for foreign trade, focusing on importers of goods with potential military applications. Russia has established a focus group under an experimental legal regime to explore the use of…
![Tether](https://coin-images.coingecko.com/coins/images/325/large/Tether.png?1696501661)
![Russian likely to rely on Garantex for sanctions evasion with new legislation, Chainalysis alerts](https://crypto.news/app/uploads/2023/10/crypto-news-Bank-of-Russia-to-support-CBDC-development05-880x525.webp)
News
Blockchain analysts warn that the Russian government may use crypto exchanges like Garantex for sanctions evasion under the new legislation. The Russian government is likely to rely on domestic crypto exchanges like Garantex for sanctions evasion as it adapts to…
![Russia’s Minfin considers launching a domestic crypto exchange](https://crypto.news/app/uploads/2023/10/crypto-news-Bank-of-Russia-to-support-CBDC-development04-880x525.webp)
News
Russia’s Finance Ministry and central bank are in talks about setting up a domestic crypto exchange, though no final decision has been made yet. As Russia explores the development of its own crypto trading platforms, driven by the need to…
![Russian ransomware generates over $500m in crypto proceeds, TRM Labs says](https://crypto.news/app/uploads/2023/10/crypto-news-Bank-of-Russia-to-support-CBDC-development05-880x525.webp)
News
Analysts at TRM Labs say Russian-speaking ransomware groups accounted for nearly 70% of all crypto proceeds from ransomware in 2023. Russia has seemingly become the center for ransomware-related threat actors in 2023 Russian-speaking ransomware groups accounted for nearly 70% of…
![Chainalysis: Nearly $100b of ‘dirty crypto’ sent to exchanges since 2019](https://crypto.news/app/uploads/2023/12/crypto-news-hacker-sits-near-laptop-backside-view-matrix-white-numbers-code-Artificial-intelligence-background-day-light-880x525.webp)
News
Nearly 30% of all crypto traced from illicit addresses since 2019 ended up at sanctioned services like Russia’s crypto exchange Garantex, according to Chainalysis. Cryptocurrency exchanges have received nearly $100 billion worth of crypto from well-known illicit addresses since 2019,…
![Tether](https://coin-images.coingecko.com/coins/images/325/large/Tether.png?1696501661)
![Russia’s Minfin mulls crypto trades on stock exchanges for select investors only](https://crypto.news/app/uploads/2023/10/crypto-news-Bank-of-Russia-to-support-CBDC-development04-880x525.webp)
News
Russia’s Ministry of Finance is reportedly working on allowing stock exchanges to open crypto trades, but restrict access to a limited group of “highly qualified” investors. Russia‘s Ministry of Finance, also known as Minfin, is exploring measures to permit crypto…