EU Proposes Ban On Russian Crypto Transactions To Crack Down Sanctions Evasio...
As Russia moves to regulate the crypto sector later this year, the European Union (EU) is considering implementing strict sanctions on all digital asset transactions linked to the country to curb sanctions evasion. Related Reading: South Korea To Probe Crypto Exchanges, Tighten Regulations After Bithumb $40B Bitcoin Error EU Seeks Sanctions On Russian Crypto Transactions […]
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Hong Kong financial authorities have announced new rules to expand the scope of product offerings, allowing the integration of crypto margin financing and perpetual contracts into the local virtual assets market. Related Reading: EU Proposes Ban On Russian Crypto Transactions To Crack Down Sanctions Evasion – Report Hong Kong Approves Crypto Margin Financing, Perps On […]
European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypto-asset services to Russian entities and residents.
EU Limits Russian Crypto Wallet Deposits to €10,000
Expanding its sanctions in response to the Russian military assault on Ukraine, the European Union has again targeted cryptocurrencies. On Friday, the European Commission, the executive body in Brussels, welcomed the fifth round of....
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around the world. Singapore Becomes First Southeast Asian Nation to Impose Sanctions on Russia For the first time in decades, as acknowledged by a former diplomat, Singapore is taking steps to sanction another nation without approval from the United Nations Security Council. The city state is preparing....
Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects US Accusations as Unfounded, Sees No Legal Ground for Sanctions Leading Russian mining enterprise Bitriver is considering filing a lawsuit against the U.S. Treasury Department, which recently designated the Swiss-registered company and a number of affiliated entities in a new round of sanctions against....
A new task force set up by the U.S. Department of Justice (DOJ), KleptoCapture, will also target cryptocurrency exchanges. Financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money “will be in the crosshairs of this investigation.”
DOJ’s KleptoCapture Task Force Will Take ‘Broader View’
A new Department of Justice (DOJ) task force, KleptoCapture, will enforce sanctions against Russian oligarchs as well as target anyone who helps hide their money, including crypto service....