sanctions News

The Central Bank of Russia’s (CBR) eagerly anticipated digital ruble pilot is postponed until the end of July, awaiting approval from the State Duma. The latest amendments to the legislation indicate a significant focus on enabling non-residents to access the…

The filing asserts that the Treasury does not possess the necessary jurisdiction to ban Tornado Cash and its associated transactions.

The Poloniex crypto exchange has agreed to pay $7.6 million to settle claims that it permitted users in sanctioned nations to trade digital assets on its platform. According to an announcement by the US Treasury’s Office of Foreign Assets Control…

The Office of Foreign Assets Control (OFAC) of the U.S. Treasury has sanctioned three individuals for using illegal financing and illicit cyber activity to support the Democratic People's Republic of Korea (DPRK).

In response to recent reports that Binance has removed restrictions on crypto accounts held by Russian nationals and entities exceeding €10,000 ($12,000), a spokesperson for the world’s largest cryptocurrency exchange has reiterated the platform’s commitment to international sanctions compliance. Binance…

Update: Binance reassured crypto.news that all sanctions are still in place and the withdrawal limits remain unchanged. Binance has reportedly started informing Russian users about lifting part of the sanctions implied in April 2022 related to withdrawal and deposit policies.…

On April 14, the US OFAC sanctioned five individuals and two companies based in China for supplying cartels in Mexico with ingredients used to manufacture opioids

A report by open-source intelligence company Inca Digital alleges that two major crypto exchanges, Huobi and KuCoin, have been letting customers of sanctioned Russian banks make transactions on their platforms. According to the report, the two Seychelles-based crypto exchanges still…

In the first quarter of 2023, the Russian central bank will look into two potential cross-border CBDC settlement methods.

The Russian Parliament is delaying the passing of the recently proposed crypto mining bill, citing capital flight risks.

Russian officials announced that the country will legalize the use of cryptocurrency for international trade in January 2023 in a move to circumvent the Western sanctions. The congressional finance committee chairman, Anatoly Aksakov, said that although bitcoin (BTC) and cryptocurrency…

The Central Bank of Russia has enacted measures to shield digital asset-using enterprises from sanctions pressures. The move will allow crypto using platforms to operate without fear of sanctions.

Amidst the Russia-Ukraine crisis, Russian MPs may approve a bill that will legalize Bitcoin mining in the country next year, according to a tweet by popular crypto Twitter personality Bitcoin Archive on November 18, 2022. Bitcoin bill may go live…

The Bank of Russia, the nation’s central bank, and the Russian Ministry of Finance are seriously considering a reversal of their stance on the use of crypto for cross-border payments given the unfavorable geopolitical climate at the moment, according to…

Giant stablecoin issuer Tether revealed that the company will not freeze addresses linked to sanctioned Tornado Cash until Tether receives instructions from United States law enforcement. Tether Not Taking Action Against Tornado Cash  In a statement released on Wednesday (August…

United States representative and cryptocurrency proponent Tom Emmer is asking the Department of the Treasury to explain the reason behind the recent sanctions against the Ethereum-based crypto mixer Tornado Cash. Rep. Tom Emmer Queries Treasury’s Actions Congressman Tom Emmer shared…