Venezuela's Bold Crypto Pivot Amid Sanctions
PDVSA shifts to cryptocurrency, using USDT to preserve oil revenues and counteract US sanctions, despite the complexities and new challenges this strategy introduces.
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South Korea Considers Sanctions on Cryptocurrency Mixing Services
South Korea considers sanctions on cryptocurrency mixing services in response to global concerns over illicit activities. The regulatory framework is in early stages, emphasizing the ongoing efforts to ensure the integrity of the cryptocurrency ecosystem.
Cheng YuanIndonesia Sanctions National Crypto Exchange and Clearing House
The project, which has been in progress since December 2021, gained momentum with the endorsement of Pang Hue Kai, CEO of Tokokrypto, a licensed Indonesian crypto exchange partly owned by Binance.
Coinlive US Treasury Sanctions North Korean-Owned Binance Wallets
The Binance-hosted wallets received more than $2 million worth of various cryptocurrencies that were then sent on to North Korean entities.
OthersHedging Sanctions Risk: Cryptocurrency in Central Bank Reserves
Central banks may shift their international reserve holdings in order to protect themselves ex-ante against the risk of financial sanctions by fiat reserve currency issuers.
Matthew FerrantiU.S. Refines Imposed Sanctions On Tornado Cash
Previously sanctioned Tornado Cash is up again on the news cycle.
BitcoinistUS Sanctions Limiting Privacy Software Use, Crypto Firms
Earlier this month, the U.S. Treasury Department sanctioned a ban on Tornado Cash, a crypto privacy tool that mixes funds ...
BitcoinistWhy This U.S. Congressman Condemned Tornado Cash Sanctions
U.S. Congressman Tom Emmer sent a letter to Secretary of the Treasury Janet Yellen regarding the sanctions imposed on the ...
BitcoinistUphold withdraws with Venezuela, citing US sanctions
The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.
CointelegraphAmid sanctions, Russia considers cryptocurrencies in international payments
Moscow has taken an aggressive stance on digital assets after the invasion of Ukraine sparked a strong Western response in the form of sanctions.
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