#crypto sanctions

The U.S. Treasury Department has removed Tornado Cash from its global blacklist. This decision follows accusations that the crypto mixing tool facilitated money laundering for North Korea’s Lazarus Group, leading to previous sanctions from the Treasury’s Office of Foreign Asset Control (OFAC). However, a federal appeals court had previously overturned OFAC’s sanctions on Tornado Cash’s smart…

South Korean financial authorities are reportedly planning to impose sanctions on several cryptocurrency exchanges operating within the country without proper registration. According to a report in the business newspaper Hankyung, the Financial Intelligence Unit (FIU) has identified unregistered Virtual Asset Service Providers (VASPs) as targets for these sanctions. The exchanges in question –…

The U.S. Treasury Department has removed Tornado Cash from its global sanctions list. This decision comes after the crypto mixing tool faced accusations of assisting North Korea’s Lazarus Group in laundering funds obtained through hacking and theft, leading to multiple sanctions from the Treasury Department’s Office of Foreign Asset Control (OFAC). However, a federal appeals court overturned…

South Korean financial regulators are reportedly planning sanctions against cryptocurrency exchanges operating illegally within the country, according to a recent report by the business newspaper Hankyung. The Financial Intelligence Unit (FIU) has identified several exchanges not registered as Virtual Asset Service Providers (VASPs) as targets for these sanctions. Specifically, BitMEX, KuCoin,…

According to a Reuters report citing knowledgeable sources, Russia has been increasingly utilizing cryptocurrencies to facilitate oil transactions with China and India. This move effectively circumvents Western sanctions on its $192 billion oil trade. Russia’s integration into the cryptocurrency sector has been gradual but significant. Recently, the Bank of Russia proposed a three-year…

A recent report indicates that Russia is increasingly utilizing cryptocurrencies to facilitate oil transactions with China and India. This move allows Russia to circumvent Western sanctions imposed on its $192 billion oil trade, according to sources cited by Reuters. This development signifies Russia’s growing involvement in the cryptocurrency sector. Notably, the Bank of Russia has recently…

International law enforcement has dismantled Garantex, a Russian cryptocurrency exchange favored by ransomware groups and darknet marketplaces, the U.S. Department of Justice (DOJ) announced Friday. A coordinated effort between U.S., German, and Finnish authorities led to the seizure of Garantex’s domains and servers on Thursday. Additionally, nearly $28 million in cryptocurrency linked to the…