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Sanctions
Russian Crypto Miners Brace for Sanctions Fallout Amid Ukraine Conflict
The ruble’s fall has made mining more profitable in Russia for now, but parts and shipping costs are set to rise.
Ukrainian Crypto Entrepreneur: Bitcoin Is a Lifeline
“These are young people with burning eyes, sitting at their computers around the clock to save their state.”
Japan Sets Penalties on Crypto Exchanges for Violating Russia Sanctions: Report
Fines could reach as much as 1 million yen ($8,500), with executives facing up to three years in prison.
Treasury Department Issues Guidance on Using Crypto to Evade Sanctions
The Biden administration said earlier in the day that such guidance would be forthcoming.
Ukraine Asks Tether to Halt All Transactions With Russians; Tether Demurs
The vice prime minister of the embattled country has made similar requests with a number of western companies as well as major crypto exchanges.
Justice Department Will Prosecute Banks, Crypto Exchanges That Help Russians Hide Assets: Report
A new task force has been created to freeze or take the assets of Russians that have been sanctioned following the invasion of Ukraine.
Russians Looking to the UAE to Unload Billions in Crypto Assets: Report
Other Russians are reportedly looking to use their crypto to invest in property in the UAE.
White House, G7 Say New Guidance Is Coming on Crypto Sanctions Evasion
White House and Treasury officials have said on multiple occasions there is little concern that crypto will be used to evade sanctions against Russia.
ECB’s Lagarde Supports Acceleration of Digital Euro Work
Concerns over crypto’s role in evading sanctions have prompted regulators worldwide to speed up efforts in the sector.
