sanctions News

Judge Katherine Polk Failla postponed the trial of Roman Storm, co-founder of Tornado Cash. What is happening in this controversial case, and is the crypto mixer responsible for its users? Due to the case’s complexity, the co-founder of the notorious…

Lithuania has imposed a €9.3 million ($10.07 million) fine against local cryptocurrency firm Payeer over sanctions violations, Reuters reported on Wednesday. Specifically, Lithuania’s financial crimes watchdog, the Financial Crimes Investigation Service (FNTT), penalized the regulated crypto company for facilitating the…

Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions.

Senators sent letters to several departments about Russia, Iran, and North Korea possibly using Tether's stablecoin to avoid U.S. sanctions.

Moscow wants to establish an autonomous BRICS payment system, leveraging digital currencies and blockchain in an effort to decrease its dependency on the U.S. dollar. In an interview with the Russian state-owned news agency TASS on Feb. 5, Kremlin aide…

Amid the news that Binance would delist Monero, should the crypto community brace for the decline of the era of anonymous tokens, or will alternative solutions emerge? In the world of cryptocurrency, transactions are logged in a public ledger, meaning…

Russian Bitcoin mining firm BitRiver says the country can become a leader in the global industrial crypto just within a few years. According to BitRiver CEO Igor Runets, Russia has enough resources to become a global leader in crypto mining…

American token sale platform CoinList has agreed to pay $1.2 million to settle charges from the U.S. Department of Justice’s enforcement branch. According to a statement published by the Treasury Department’s Office of Foreign Assets Control (OFAC) on Dec. 13,…

Coin Center, a research non-profit blockchain advocacy firm, has lost its case against the U.S. Treasury after Tornado Cash was sanctioned

Crypto exchanges in Estonia and Latvia reportedly helped Russians circumvent sanctions and convert rubles into other currencies

As sanctions have cut Russia off from the global economy, the local central bank hopes its digital currency will help it revive international trade. The Bank of Russia is working on a way to use its digital ruble for cross-border…

Anatoly Aksakov, head of Russia’s Banking Committee, believes that the digital ruble could potentially render traditional banking institutions obsolete. In a discussion at the AiF.Media club, Aksakov opined that the evolving landscape of financial technology could reduce the necessity for…

Two Binance executives announced they were leaving the company amid the rumors of the major exchange possibly exiting Russia. Binance’s head of Eastern Europe and CIS, including Russia, Gleb Kostarev, announced in a Sept. 6 LinkedIn post that it was…

Last year, crypto exchange Binance claimed that it no longer allowed customers to pay each other through sanctioned Russian banks. In reality, that wasn’t the case. The company’s crypto exchange’s peer-to-peer (P2P) service no longer recommends five blacklisted Russian financial…

Founders of crypto mixer Tornado Cash, Roman Storm and Roman Semenov, are indicted on charges including money laundering, potentially facing 20 years in prison. In the Aug. 23 press release, Roman Storm and Roman Semenov, the developers behind Tornado Cash, have…

Binance, the largest crypto exchange by trading volumes, is accused of engaging with sanctioned companies in Russia despite pulling out of the country in H1 2023