sanctions

UK Warning on Sanction Evasion Puts Crypto Firms at Risk

UK Warning on Sanction Evasion Puts Crypto Firms at Risk
UK Warning on Sanction Evasion Puts Crypto Firms at Risk
August 25, 2022  |  Cybersecurity

People subject to sanctions are reportedly using cryptocurrency services to evade the sanctions, and this could put crypto firms and those transacting in crypto at...

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Sanctions Against Crypto Mixer Raise Broader Compliance Fears
Sanctions Against Crypto Mixer Raise Broader Compliance Fears
August 16, 2022  |  Cryptocurrency

It’s not just the libertarians who are concerned about the implications of the U.S. blacklisting a crypto mixing site allegedly used by North Korean hackers....

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Auto Verification of Bank Account Owners Is Key to Sanctions Compliance
Auto Verification of Bank Account Owners Is Key to Sanctions Compliance
May 27, 2022  |  Legal & Regulation

Sanctions have been dominating headlines. Nithai Barzam, COO of nsKnox, a corporate payment security company, told PYMNTS’ Karen Webster that beyond the sanctions that have...

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Russian-Built Payment System Capitalizes on Visa, Mastercard Exit
Russian-Built Payment System Capitalizes on Visa, Mastercard Exit
April 20, 2022  |  Credit Cards

Russian and Chinese entities that provide alternatives to the dominant Visa and Mastercard payment networks may reap significant benefits from sanctions the West imposed in...

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Crypto Developer Gets 5-Year Sentence for Helping N. Korea Skirt Sanctions
Crypto Developer Gets 5-Year Sentence for Helping N. Korea Skirt Sanctions
April 12, 2022  |  Cryptocurrency

Here’s a tip: If you’re going to go give a speech on crypto at a conference run by a country under stiff sanctions, maybe don’t...

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Today in Crypto: Coinbase Bullish on NFTs; Crypto-Focused Political Donors Prefer Dollars Over Bitcoin
Today in Crypto: Coinbase Bullish on NFTs; Crypto-Focused Political Donors Prefer Dollars Over Bitcoin
March 17, 2022  |  Cryptocurrency

In cryptocurrency news, Coinbase might see another $1.26 billion in revenue from its NFT segment, according to Needham analyst John Todaro, Coindesk wrote Thursday (March...

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Singapore Issues Financial Sanctions on Russia
Singapore Issues Financial Sanctions on Russia
March 14, 2022  |  Cross-border Payments

Singapore’s central bank is the latest financial institution to take economic measures against Russia for its invasion of Ukraine, Bloomberg reported Monday (March 14). The...

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MoneyGram Suspends Service in Russia
MoneyGram Suspends Service in Russia
March 13, 2022  |  Cross-border Payments

MoneyGram plans to quit offering its services in Russia over that country’s ongoing invasion of Ukraine, a company statement said Friday (March 11). The statement...

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