Search Results for "sanction"
Iranians Permitted to Trade on Binance, Despite US Imposes Sanctions: Reuters
Reuters said Binance exchange permitted Iranian users to trade on its platform after the United States reimposed sanctions on the country in 2018.
Blender is relaunched as Sinbad
Elliptic, a crypto risk management organization, hypothesized that Blender renamed to Sinbad to "earn confidence from users" and escape fines.
Coinbase Amplifies Anti-Terrorism Financing Measures Through Blockchain Analytics
Coinbase, on October 17, 2023, outlined its robust measures to curb terrorism financing and other illicit activities through a rigorous compliance framework and blockchain analytics. The discourse emphasizes the importance of regulatory clarity in the U.S to minimize offshore risks associated with digital assets. With a dedicated team and technological tools, Coinbase demonstrates a proactive approach in maintaining the integrity of the crypto ecosystem.
OFAC to Begin Sanctioning Companies Facilitating Ransomware Payments
The OFAC may begin sanctioning US nationals and institutions that help facilitate payments in a ransomware attack.
Coinbase Backs Lawsuit against US Treasury over Tornado Cash Sanctions
A group of crypto users are challenging the US Treasury Department's sanctions of Tornado Cash in court. Coinbase is backing the legal action.
Tornado Cash Now Placed Under US OFAC Sanctions
The United States Treasury Department has barred Tornado Cash from offering any form of transactions to individuals in the US.
US National Security at Risk Due to China’s Dominance in Mobile Payments, says former State Department Official
Former Department of State official Anja Manuel warns that if the US loses its dominance in financial innovation and payments, it could impact its national security policy, specifically on sanctions. Manuel stated that China is catching up on dominance in mobile payments, which could make enforcing sanctions against “bad actors” like Iran or North Korea more challenging.
CFTC Whistleblower Program Gains Traction with $16 Million Awarded in 2023
The CFTC's Whistleblower Program in 2023 awarded $16 million to whistleblowers, contributing to over $3 billion in enforcement sanctions. Recognizing their role in combating financial fraud, the program now focuses on environmental fraud through a task force.
EU Imposes 8th Wave Sanctions over Russia to Include Blanket Crypto Ban
The European Union (EU) has updated its sanction on Russia, the 8th package, and this time, it unveils zero tolerance for crypto-related transactions.
UK Requests Crypto Exchanges to Report Suspected Sanction Breaches
The UK authorities have introduced the new rules in response to Russia’s invasion of Ukraine. The regulations cover all valuable digital assets.
US Treasury Department Imposes Sanctions on Russian Crypto Mining Firm Bitriver
The invasion of Ukraine by Russia last over 2 months, The U.S. strengthens sanctions over Russia, adding Bitriver to the sanctions list in connection with its ties to the Russian economy.
US President Joe Biden to Sign Executive Order on Crypto this Week
U.S. President Joe Biden is expected to issue an executive order on cryptocurrency this week. Authorities would be expected to develop policies to enable the U.S. government to work with foreign powers to regulate crypto and its trade across international borders.