Ally or suspect? The war in Ukraine as a stress test for the crypto industry
Crypto execs signal their readiness to comply with sanctions, but decentralization itself puts crypto in a vulnerable position.
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Western Union Suspends Operations in Russia, Belarus Over Ukraine War
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well…
Chainalysis Launches Screening Tools Designed to Prevent Sanctions Evasion
Blockchain forensics company Chainalysis is launching two tools that will allow crypto companies to deny sanctioned persons and entities access to their platforms. The move comes amid concerns that Russia…
US and EU double down on measures against Russia potentially using crypto to evade sanctions
"The use of cryptoassets to circumvent economic sanctions is a criminal offence,” said U.K. regulators.
Haven Protocol (XHV) shows strong signs of bottoming out after crashing 90%
The Monero blockchain fork has surged by nearly 100% in the past five days against a rising appetite for privacy-focused cryptocurrencies.
Is the Ukraine war intensifying regulatory pressure on crypto firms?
Every day, people are seeing “live” why sanctions matter. “Everyone is starting to rethink the importance of compliance and crypto.”
Bitfinex refuses to freeze crypto belonging to non-sanctioned Russians
The crypto community stands up for the rights of ordinary Russians amid hundreds of businesses leaving the country, but the final decision is up to regulators.
Binance Suspends Transactions With Russian Mastercard and Visa Cards
Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt…
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