The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia On Wednesday, the European Commission welcomed…

The post EU Targets Crypto Assets in Widened Sanctions Against Russia, Belarus appeared first on Bitcoin News Miner.

The Prime Minister of Estonia has said cryptocurrencies must be restricted in order to address loopholes that may be used by sanctioned Russian entities to evade the punitive measures. In addition, the premier wants all Russian as well as Belarusian banks to be removed from the global payment network. Sanction Evasion Concerns The Estonian prime […]

Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. In this episode, Laura[...]

The post The Chopping Block: In ‘the First Crypto War,’ How Should the Money Be Spent? appeared first on Unchained Podcast.

The European Union’s regulatory proposal for crypto markets, MiCA, has been filed with the European Parliament. The latest version of the draft framework does not feature a controversial provision that could have effectively prohibited cryptocurrencies like bitcoin that rely on proof-of-work mining. Economic and Monetary Affairs Committee to Vote on Latest MiCA Draft on March…

The post Europe’s MiCA Crypto Rules Submitted, ECON Committee to Vote in Mid-March appeared first on Bitcoin News Miner.

Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By sanctioning these reserves, we can further isolate Russia from the world’s economy and […]

The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns About Sanctions Evasion The Financial Crimes Enforcement Network (FinCEN), a bureau of […]

The Financial Crime Enforcement Network (FinCEN) mentioned cryptocurrency in its latest alert on Russian sanctions. FinCEN advised all financial institutions to be “vigilant against potential efforts to evade the expansive sanctions and other U.S.-imposed restrictions implemented in connection with the Russian Federation’s further invasion of Ukraine.” The agency reminds financial institutions that they have an […]

The post FinCEN Mentions Crypto in New Warning On Russia Sanctions appeared first on Coin Bureau.

March 8, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ President Joe Biden is expected to sign a crypto executive order[...]

The post Coinbase Has Blocked 25K Russian Crypto Addresses appeared first on Unchained Podcast.

President Joe Biden is expected to sign an executive order with a comprehensive outline on the regulation of crypto assets, according to reports from Bloomberg. The order will instruct the Justice Department, Treasury and other government agencies to examine the legal and economic implications of creating a US-backed central bank digital currency (CBDC), according to […]

The post US Executive Order On Crypto Expected This Week appeared first on Coin Bureau.

Coinbase said it blocked tens of thousands of accounts linked to Russian individuals and entities suspected of "illicit" activity

The post Coinbase Blocks 25,000 Accounts Linked to Russia To ‘Support’ Sanctions appeared first on Blockworks.

Concerns keep pouring in that Russia may use crypto to evade the barrage of financial and economic sanctions that have been placed on it. To allay these fears, Coinbase – the US’s largest crypto exchange by trading volume – has noted that crypto can instead be used as a tool to promote sanction compliance.  Coinbase

The post ‪Coinbase Restricts 25,000 Addresses Connected Russian Crypto Holders appeared first on CoinGape.

Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to protect the integrity of the country’s cryptocurrency industry. The official, however, warns that crypto-assets that are not stored with cryptocurrency exchanges are impossible […]