Russia looks to crypto to avoid sanctions and moves to legalize cryptocurrency mining later this year. Russian President Vladimir Putin has signed legislation aimed at reducing Russia’s reliance on the United States dollar in international trade. The new law, effective from November 2024, permits approved mining firms to register via a state database to mine…
North Korea is reportedly ramping up the use of cryptocurrencies to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further assist moving money across borders, according to a duo of financial intelligence analysts from Washington D.C. North Korea Allegedly Uses a Mixer to Launder Money Using…
There is a reason this one is worth separating from the usual market noise. Tether Freezes USDT in 131 TRON Wallets Under Updated OFAC Sanctions gives NewsBTC readers a clean angle on Stablecoins at a point where the market is trying to separate durable signals from short-lived noise. According to the source material reviewed for…
Russia looks to crypto to avoid sanctions and moves to legalize cryptocurrency mining later this year. In a strategic move to mitigate the impact of international sanctions on its economy, Russia is set to embrace cryptocurrency as a new method to facilitate transactions despite the ongoing conflict in Ukraine. According to a Bloomberg interview with…
HTX has been pulled into one of the most serious crypto sanctions stories of the year after the UK designated the exchange under Russia-related sanctions rules and TRM Labs linked the case to more than $1.5 billion in alleged flows involving sanctioned entities. TL;DR The UK designation targets correspondent banking and payment relationships. TRM Labs…
Concerns are growing surrounding Iran’s use of cryptocurrencies like Bitcoin and Monero – and soon, their own native cryptocurrency – to evade economic sanctions put in place by the U.S., prompting FinCEN to issue an advisory on the topic. FinCEN on Iran’s Exploitation of Financial Markets The Financial Crimes Enforcement Network (FinCEN) has issued an…