Coin mixers like Tornado Cash face sanctions for aiding money laundering, but advocates argue they have legitimate uses.
The United States has accused two Russian citizens of running a global money laundering and sanctions evasion network using cryptocurrencies, offering a $10 million bounty for their capture.
Recent Western sanctions are causing disruptions in over $55 billion in trade settlements between Russia and Turkey. The US is intensively monitoring all financial transactions and bank account openings involving Russian citizens, heavily affecting trade transfers between the two countries.
The Central Bank of Russia (CBR) is developing a crypto payments system for cross-border transactions to circumvent Western sanctions and decrease dependence on the U.S. dollar.
The Russian economy continues to grow despite Western sanctions and declining imports, with industrial production increasing and unemployment rates low.
Russia will start crypto payment trials on September 1 to counteract international sanctions.
Russia will trial cross-border crypto payments from September 1, 2024, to bypass sanctions. The central bank gains powers to oversee an experimental regime. Experts doubt its effectiveness due to blockchain traceability and liquidity concerns.
Russia will trial cross-border crypto payments next week to circumvent international sanctions, though the strategy may face challenges, experts say.
Russia plans to officially use cryptocurrency for trade settlements within the BRICS framework.
Russia plans to test cryptocurrency exchanges and digital tokens for cross-border transactions to counter international sanctions.
Russia is set to trial cryptocurrency exchanges to address payment challenges faced by companies under international sanctions.
Anonymous sources disclose new information about Russia's major cryptocurrency initiative, emphasizing its ability to bypass sanctions.
OKX will suspend and close accounts linked with Tornado Cash to enhance financial compliance and avoid misuse, as per CEO Star Xu.
BRICS is advancing towards an independent digital payment platform called BRICS Bridge, which aims to reduce dependency on Western institutions, especially amid sanctions and Russia’s SWIFT disconnection.
Russian lawmakers have approved a bill allowing cryptocurrency for international trade amid sanctions. It is expected to be effective by September.
Russia is expediting cryptocurrency regulations in response to increasing international sanctions, with a focus on stablecoins as a central strategy.
Russia is likely to legalize cryptocurrency payments to ease international trade hurdles caused by sanctions.
Russian lawmakers pass a bill allowing select businesses to use cryptocurrencies in international trade, aimed at bypassing Western sanctions.
The article examines how cryptocurrencies intersect with disinformation, focusing on OFAC sanctions, on-chain activity, and available investigative resources.
Russia is creating a crypto payments system to circumvent sanctions, with a parliamentary vote on cryptocurrency legislation imminent.
Cybercriminals are using advanced tactics like mixers, cross-chain bridges, and intermediary wallets to launder illicit crypto. Chainalysis reports evolving methods despite sanctions, with stablecoins being prominently misused.
EU officials passed the latest sanctions against Russia in response to its ongoing war in Ukraine. Here's what it means for crypto firms which must scrutinise 2,200 Russian entities.
Russian traffic to major global cryptocurrency exchanges increased by 16.4%, with a total of 104.6 million visits, prompting the central bank's warning on sanctions risk.
US Congressmen have requested Treasury Secretary Janet Yellen to investigate Garantex, a Moscow-based crypto exchange, for reportedly aiding in sanctions evasion and funding Russia's invasion of Ukraine.
North Korea allegedly laundered $148 million through Tornado Cash, a cryptocurrency mixer, complicating the enforcement of sanctions.
North Korea allegedly used the Tornado Cash platform to launder $148 million stolen from a cryptocurrency exchange in March, demonstrating its ability to bypass international sanctions.
UN observers suspect that North Korea has laundered $148 million through the cryptocurrency mixer Tornado Cash to bypass international sanctions.
The U.S. government is proactive in addressing Iran's use of cryptocurrency to circumvent international sanctions.
Chainalysis will supply Tether with tools to identify sanctioned and illicit activities on the secondary market, enhancing market information.
U.S. Senator Elizabeth Warren advocates for legislation to hinder Iran's lucrative bitcoin mining activities, used to circumvent sanctions.
Senators Warren and Marshall are querying the Biden administration on their capabilities to prevent crypto from being used to evade sanctions.
