Privacy-focused cryptocurrency Monero (XMR) rallied by nearly 9.5% in the past week compared with the crypto market’s decline of 8.5% in the same period. What’s more, the XMR/USD pair has broken above a strong, multi-month …
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Category: Ukraine
Senator Warren seizes on fears over crypto and sanctions with new invoice
United States Senator Elizabeth Warren is getting ready a invoice to crack down on using crypto as a method to keep away from financial sanctions. Warren’s newest anti-crypto transfer comes alongside a push from the …
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Law Decoded: Crypto in times of war, Feb. 28–Mar. 7
A war rages on Europe’s eastern rim, having already left thousands of people dead and injured and millions more displaced. The global financial system has become so intertwined with digital assets that crypto is inevitably …
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Coinbase proposes crypto tech to advertise world sanctions compliance
The US-based crypto trade Coinbase has proposed using cryptocurrencies to assist guarantee compliance with financial sanctions. The advice comes together with highlighting the convenience of laundering and sanction evasion of fiat currencies made doable by …
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Ukraine has found a unlikely allies in its efforts to stop Russian access crypto. It is the Central Bank of Russia
Ukraine recently called for the “sabotage” of daily Russian crypto assets as a result of ongoing warfare between these two nations. Among many, its European allies have also voiced mounting concerns that Russia may use crypto …
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What are the reactions of crypto executives to Russian economic sanctions?
There are concerns about the potential impact on the cryptocurrency markets if the West and America increase their economic sanctions against Russia. It has been cut off from SWIFT and all transactions with Russian banks …
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Ukraine cancels token airdrop, reveals new NFT plans
On Wednesday, Ukraine’s vice prime minister informed the general public that the government had decided to cancel Tuesday’s airdrop for crypto-donors and instead plan to sell nonfungible tokens. After much consideration, we have decided to …
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New York increases its blockchain monitoring for the enforcement of sanctions
New York state’s efforts to enforce sanctions against Russia have ramped up a gear with the Department of Financial Services, or DFS, expediting the procurement of additional blockchain analytics technology. The department released a statement …
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In the wake of Russia’s sanctions, US legislators and Fed Chair push for cryptocurrency regulation
Federal Reserve Chair Pro Tempore Jerome Powell along with some Members of the United States House of Representatives demanded that Congress take action regarding crypto as a response to concerns about Russia evading any sanctions. …
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EU will block 7 Russian banks SWIFT and ordinary Russians could be subject to consequences
On Wednesday, the European Union announced that within 10 days, it intends to remove seven Russian banks from the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, messaging system. The list of sanctioned banks includes Russia’s second-largest …
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US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government
According to reports, the Treasury Department and the White House have warned U.S.-based individuals and companies not to support crypto transactions to Russian nationals or banks. According to regulations from the Treasury Department’s Office of …
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Crypto exchanges take into account Ukraine’s name to freeze Russians’ Bitcoin
Because the West continues to impose extra sanctions in opposition to Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has referred to as for sanctions on Russians’ cryptocurrency holdings as nicely. Mykhailo Fedorov, …
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USDT reaches new highs against Russian ruble, as inflation hits
U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system. Data …
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EU Commission will remove Russian banks SWIFT Cross-Border Network
The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. The European Commission …
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President of the ECB calls for regulation of cryptography in response to Russia’s potential evasion sanctions
Christine Lagarde is the president of European Central Bank (ECB) and has called for lawmakers to approve a regulation framework for crypto. She suggested that this could help Russia avoid economic sanctions. Speaking to reporters …
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Crypto could circumvent President Biden’s “devastating” sanctions against Russian banks and elites. Report
The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system or cryptocurrency transfers. In a Thursday …
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Ukraine’s up to date crypto invoice kicks one ministry out as regulator
Ukraine’s parliament, the Verkhovna Rada, has accredited some vital amendments within the nation’s main cryptocurrency-related laws often called the invoice “On Digital Property.” The Ukrainian Rada handed the laws within the second studying throughout a …
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Binance seeks the assistance of a former chief for CIS Central Bank to tap a former executive, in an effort to get Russia on board.
Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine. Binance is planning to extend its operations in the region and boost …
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