OFAC’s October 1 designation expands blocking sanctions to the broader network, while FinCEN’s separate sub-agent transfer restriction remains proposed.
The post US targets $17 billion Russia-linked crypto payment network using USDT as an escape...
Banks and payment providers must investigate network indicators now, but the 100% OFSI ceiling still needs legislation.
The post UK is hunting the $86 billion Russia-linked crypto pipeline as it moves to double sanctions fines appeared first on...
The EU just hit Russia’s crypto harder than ever before. Six Russian experts told BeInCrypto the blow is real, but not deadly. They cannot agree on what comes next.
The new sanctions target 14 crypto platforms in other countries. They also hit 94...
New European Union sanctions just made crypto harder to use for people in Russia. EU governments agreed the measures on Thursday. They target 11 crypto platforms.
Officials have not named the platforms. Most sit outside Russia. The package also hits...
On-chain data contradicts A7A5's claims of processing billions, showing a sharp decline in trading volumes for the sanctioned Russian stablecoin this year.
A7A5 claims crypto data providers understate its trading activity, while blockchain analytics firms say the ruble-backed token's volumes have fallen sharply this year.
Western governments spent three years building what they believed was an airtight financial blockade around Russia, severing its banks from SWIFT, freezing sovereign reserves, and barring major institutions from clearing dollar transactions. And...
U.K. authorities sanctioned HTX, saying there were "reasonable grounds to suspect" the crypto exchange was helping Russia by cooperating with ruble stablecoin A7A5.
A7A5, the Russia-linked stablecoin built to move money around banking restrictions, says faster trade settlement, yield and regional crypto infrastructure could keep it relevant even if geopolitical tensions ease.
