Crypto Sanctions

Edward Snowden, the former American computer intelligence consultant who leaked highly classified NSA documents in 2013, says it’s a do-or-die moment for Ethereum mixing tool Tornado Cash which has been blacklisted by the U.S. government.…
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Kraken, a popular cryptocurrency exchange platform, is under the scrutiny of a federal investigation for possible violation of sanctions. Kraken is suspected of allowing users in Iran to purchase and sell digital tokens. Is Kraken…
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The European Union, in its fifth package of sanctions on Russia, has banned the provision of high-value crypto-asset services to the transcontinental country. It aims to close any loopholes following speculations that the Kremlin might turn…
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The US Treasury is aware of the possibility that crypto could be used as a tool to evade sanctions and as such, is carefully monitoring Russians to make sure that it doesn’t occur. Janet Yellen, the United States Treasury Secretary told the…
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Earlier this week, Russia became the most-sanctioned country in the world. These sanctions are in response to Russia’s invasion of Ukraine. Russia invaded Ukraine in the last week of February. Despite many warnings and sanctions, it has not…
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The current geopolitical issues - the Russia-Ukraine has left the world in a fury. The invasion of Ukraine by Russia has left the world shaken. After a lot of warnings and cross-talkings, Russia is continuing with the invasion and bearing…
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Coinbase informed that it has been blocking sanctioned entities and individuals since its launch. Paul Grewal, CFO of Coinbase said in a blog post that his company has been supporting sanctions on the Russian entities and individuals even…
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The conflict in Ukraine has caused several sanctions to be imposed on Russia. However, not all of it is effective. To counter this, Coinbase has suggested the use of crypto to make the sanctions more effective. It is hoped that the use of…
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