Search Results for "sanctions"
Jury Trial will Decide if Ethereum Dev Nigel Griffith Helped North Korea Evade Sanctions
Ethereum developer Virgil Griffith has been accused by the US Department of Justice of aiding North Korea (DPRK) in evading sanctions and will now face trial by jury.
US Sanctions Crypto Addresses of Russian Hackers Accused of Running Presidential Election Interference
The US has released a sanctions list of Russians and their crypto addresses, under allegations that they have been interfering with the presidential election.
Iranian General Pushes for Crypto Use to Evade US Sanctions and After Being Blacklisted by the FATF
Saeed Muhammad, a commander of the Islamic Revolutionary Guard Corps’ “Army of Guardians of the Islamic Revolution,” called for Iran to use cryptocurrencies to bypass sanctions imposed on his country by the United States.
North Korea Is Developing Own Crypto to Circumvent US Sanctions
North Korea has always been suspected for either indirectly or directly funding weapons or involved in some powerful projects of mass destruction using virtual currencies. The nation, recently, was accused of stealing cryptocurrencies worth $2 billion to facilitate the development of deadly weapons.
Paxful Exits Venezuela’s P2P Crypto Bitcoin Market Following US Sanctions
Paxful has withdrawn its crypto trading services from Venezuela after the country was classified as high-risk by the Office of Foreign Assets Control (OFAC).
Binance Has Enabled Iranians Transact $8 Billion Despite Sanctions
Since 2018, crypto exchange Binance has carried out Iranian transactions worth $8 billion despite being slapped with U.S. sanctions
US National Security at Risk Due to China 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.
OFAC Designates Nordic Resistance Movement as SDGT
OFAC sanctions Nordic Resistance Movement for violent extremism and crypto-funded terrorism.
OFAC Sanctions Russian UAV Developer KB Vostok Amid Ukraine Conflict
OFAC imposes sanctions on Russian drone developer KB Vostok, linked to Ukraine invasion, disrupting Russia’s military supply chain.
Russia Legalizes Crypto Mining and Payments Amid Sanctions
In response to Western sanctions, Russia has enacted legislation legalizing cryptocurrency mining and international payments, a strategic pivot aimed at mitigating economic pressures.
U.S. Treasury Sanctions Funnull Technology Over Crypto Investment Scams
The U.S. Treasury's OFAC has sanctioned Funnull Technology for its involvement in cryptocurrency scams, known as 'pig butchering,' which defrauded U.S. victims of over $200 million.
OFAC Targets Aeza Group for Enabling Cybercrime with Bulletproof Hosting
The U.S. Treasury's OFAC has sanctioned Aeza Group for providing hosting services that facilitate ransomware and cybercrime, marking a significant move against global cybercrime infrastructure.