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.
BernicePDVSA shifts to cryptocurrency, using USDT to preserve oil revenues and counteract US sanctions, despite the complexities and new challenges this strategy introduces.
BerniceSouth 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 YuanThe 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 The Binance-hosted wallets received more than $2 million worth of various cryptocurrencies that were then sent on to North Korean entities.
OthersCentral 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 FerrantiPreviously sanctioned Tornado Cash is up again on the news cycle.
BitcoinistEarlier this month, the U.S. Treasury Department sanctioned a ban on Tornado Cash, a crypto privacy tool that mixes funds ...
BitcoinistU.S. Congressman Tom Emmer sent a letter to Secretary of the Treasury Janet Yellen regarding the sanctions imposed on the ...
BitcoinistThe 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.
CointelegraphMoscow 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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