US Treasury Cracks Down On Crypto Ties To Iran: 4 Exchanges Receive New Sanct...
The US Treasury has announced a new round of Iran-related sanctions targeting crypto channels used to move value across borders, with Treasury officials arguing that Iran has turned to digital asset tools to bypass restrictions and maintain access to international funds. New Iran Sanctions On Crypto Exchanges The Treasury’s Office of Foreign Assets Control (OFAC) […]
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Binance has been under heightened scrutiny in recent months over allegations that it helped facilitate illicit crypto activity tied to Iran. The latest development is that the US Treasury Department has delivered a private ultimatum to the exchange. Binance Under The Spotlight Again According to The Information, the US Treasury sent a letter to Binance […]
India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions. RBI Asking Banks to Cut Ties With Customers Dealing With Cryptocurrencies The Indian central bank has informally urged lenders “to cut ties with cryptocurrency exchanges and traders,” Reuters reported Thursday, citing three unnamed sources. The news outlet quoted a senior bank executive as saying: The....
More than 1,500 users with residences in Iran reportedly had accounts at Kraken as of June, while 149 users in Syria and 83 in Cuba were also able to access the crypto exchange. The United States Treasury Department’s Office of Foreign Assets Control, or OFAC, is reportedly investigating crypto exchange Kraken for allegedly allowing users based in Iran and other countries to buy and sell crypto — a potential violation of U.S. sanctions.According to a Tuesday report from the New York Times, OFAC has been looking into Kraken’s alleged sanctions violations since 2019 and may be close to....
The US Treasury announced on Wednesday a fresh round of sanctions targeting the Sinaloa Cartel, citing growing evidence that elements of the organization are using crypto to support fentanyl trafficking and launder drug proceeds. Crypto To Move Fentanyl Proceeds Treasury noted that the Sinaloa Cartel is among the oldest and most powerful drug trafficking groups […]
Major cryptocurrency exchanges are cutting ties with users in China following the latest crypto crackdown announcement by the Chinese government. Huobi has stopped letting new users in China sign up for its services while Binance has blocked account registrations using Chinese mobile phone numbers.
Major Crypto Exchanges Stop Signing Up Chinese Users
Following China’s latest crackdown announcement, several cryptocurrency exchanges and service providers said they have begun cutting ties with users in China.
Crypto exchange Huobi announced Sunday that it will....