UK Targets HTX, Russia-Linked Crypto Firms Amid Crackdown On Sanction Evasion
UK authorities are ramping up their pressure on Russia with a fresh sanctions package targeting over a dozen individuals, crypto networks, and firms used to bypass the country’s sanctions. Related Reading: Polymarket Faces Ban In Indonesia Amid Growing Global Crackdown Russia-Linked Crypto Firms Hit With New Sanctions On Tuesday, the UK’s Foreign, Commonwealth & Development […]
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Payments giant Mastercard has secured New York’s BitLicense, one of the toughest regulatory approvals, to advance its digital assets strategy and expand its stablecoin and tokenized deposits infrastructure. Related Reading: UK Targets HTX, Russia-Linked Crypto Firms Amid Crackdown On Sanction Evasion Mastercard Wins Major Regulatory Approval On Wednesday, Mastercard announced that its subsidiary Mastercard Transaction […]
Highlighting the possibility in traditional finance structures to evade compliance with economic sanctions, well-known crypto exchange Coinbase purposed to use cryptocurrencies to prevent laundering and sanction evasion that becomes possible using fiat currency. The Ukraine-Russia conflict has caused global authorities to impose economic sanctions which also encircles cryptocurrency exchanges. While some platforms refused to comply […]
The U.S. Financial Crimes Enforcement Network (FinCEN) has joined the list of international entities raising concerns over crypto aiding Russia to evade sanctions. The country was hit by unprecedented financial penalties after it invaded Ukraine. Related Reading | TikTok To Stop Livestream In Russia Over ‘Fake News’ – What Now, Russian Crypto TikTokers? In an […]
As the Russia-Ukraine conflict continues, blockchain surveillance companies have discussed and implemented ways to combat sanctioned countries from using digital assets. Last week, Chainalysis revealed screening tools for crypto firms that aim to comply with international sanctions. On Monday, the CEO of Elliptic published a blog post describing the company’s work to combat sanction evasion. Elliptic CEO Speaks on the Company’s ‘Work to Combat Sanction Evasions in Crypto’ This week, Simone Maini, the chief executive officer of the blockchain surveillance firm....
Global regulators continue asking crypto exchanges to comply with sanctions against Russia as the country itself has no legal crypto trading platforms. Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation.Japan to fine crypto exchanges for violating sanctionsJapan became the latest country in Asia to call cryptocurrency firms to comply with sanctions against Russia, requesting on Monday that they not process crypto transactions....