News with the tag "Sanctions"

Bitcoin Magazine US Treasury Removes Tornado Cash From OFAC Sanctions List The Department of Treasury has lifted Sanctions on Tornado Cash, the Ethereum based smart contract mixer, following a series of legal defeats and administrative challenges. “Based on the Administration’s review of the novel l...

In a stunning reversal that has sent ripples of excitement through the cryptocurrency world, the U.S. Treasury has reportedly lifted sanctions on Tornado Cash! Yes, you read that right. After a period of uncertainty and restricted access, it appears Americans can once again legally interact with thi...

In a dramatic escalation of regulatory pressure within the cryptocurrency space, the United States Secret Service (USSS) has reportedly taken decisive action against Garantex, a Russian cryptocurrency exchange already under the weight of U.S. and EU sanctions. This bold move, first reported by TechC...

In a world grappling with economic sanctions and geopolitical tensions, the role of cryptocurrencies is becoming increasingly significant. Russia, facing a barrage of international sanctions, is turning to digital assets as a potential workaround. But can sanctions truly cripple a nation’s access to...

In a dramatic turn of events shaking the cryptocurrency landscape, Russian crypto exchange Garantex has abruptly suspended all trading and withdrawals. This drastic measure comes in the wake of a significant $27 million USDT freeze by Tether, the issuer of the world’s largest stablecoin. The freeze,...

Stablecoin issuer Tether has frozen $28 million worth of USDT on Russian crypto exchange Garantex. Garantex, which has been sanctioned by the European Union for links to the Russian government and criminal organizations, has suspended all its services temporarily, the exchange announced on Telegram ...

In a significant move against illicit cryptocurrency activities, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has just announced urgent crypto sanctions targeting 49 digital addresses. These addresses are reportedly tied to Behrouz Parsarad, the administrator of the ...

The Ethereum Foundation (EF) is donating more than a million dollars to help Tornado Cash developer Alexey Pertsev with his legal defense. The contribution follows the developer’s supervised release to prepare to appeal his money laundering conviction in the Netherlands. Ethereum Foundation Aids Ale...

In a **shocking** turn of events that has sent ripples through the global financial landscape, Elvira Nabiullina, the head of the Russian central bank, has publicly stated that the institution was excluded from recent international sanctions discussions. This revelation raises critical questions abo...

The world of cryptocurrency, often lauded for its decentralized and permissionless nature, is increasingly under scrutiny for its use in illicit activities. A recent Chainalysis report has brought to light a concerning trend: sanctioned entities and jurisdictions have received a staggering $15.8 bil...