sanctions

Today in Crypto: Coinbase Blocks 25,000 Russian-Linked Addresses; Coinbase Adds ‘Experimental’ Label

Today in Crypto: Coinbase Blocks 25,000 Russian-Linked Addresses; Coinbase Adds ‘Experimental’ Label
Today in Crypto: Coinbase Blocks 25,000 Russian-Linked Addresses; Coinbase Adds ‘Experimental’ Label
March 07, 2022  |  Cryptocurrency

Cryptocurrency trading platform Coinbase has blocked more than 25,000 wallet addresses linked to illicit activities by Russian individuals or entities, a Bloomberg report said Monday...

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US Treasury Dept. Warns of Possible Evasions of Russian Sanctions
US Treasury Dept. Warns of Possible Evasions of Russian Sanctions
March 07, 2022  |  Legal & Regulation

The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, has issued an alert advising financial institutions to be wary of companies trying to dodge...

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Mastercard, Visa, PayPal, Amex Suspend Russian Operations
Mastercard, Visa, PayPal, Amex Suspend Russian Operations
March 06, 2022  |  Cross-border Payments

American Express is joining Visa, Mastercard and PayPal in suspending operations in Russia following its invasion of Ukraine, a press release said. Get the Full...

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Russian Flight to Cryptocurrency Hasn’t Happened, Analysis Shows
Russian Flight to Cryptocurrency Hasn’t Happened, Analysis Shows
March 03, 2022  |  Cryptocurrency

The narrative that Russians have been evading sanctions through cryptocurrency in the wake of its invasion of Ukraine may not be true, Bloomberg reported Thursday...

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EU Eyes Tougher Measures to Block Crypto Use to Circumvent Sanctions
EU Eyes Tougher Measures to Block Crypto Use to Circumvent Sanctions
March 02, 2022  |  Cryptocurrency

The EU will be looking at new ways to make sure digital assets aren’t used to dodge sanctions against Russia, a Financial Times report said...

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Rich Russians Turn to High-End Jewelry, Watches to Preserve Wealth
Rich Russians Turn to High-End Jewelry, Watches to Preserve Wealth
March 02, 2022  |  Cross-border Payments

The Russian wealthy class, attempting to avoid the plummeting value of the ruble, are buying luxury jewelry and watches to retain the value of their...

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Russian Consumers Not Panicked by Sanctions, Report Says
Russian Consumers Not Panicked by Sanctions, Report Says
March 02, 2022  |  Cross-border Payments

Day after a number of countries imposed harsh sanctions on Russia over its invasion of Ukraine, consumers in that country are more resigned than anything...

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Senators Ask Treasury to Probe if Russia Can Use Crypto to Get Around Sanctions
Senators Ask Treasury to Probe if Russia Can Use Crypto to Get Around Sanctions
March 02, 2022  |  Cryptocurrency

Four Democratic U.S. senators Wednesday requested Treasury Secretary Janet L. Yellen explain how her department plans to get cryptocurrency companies to enforce economic sanctions on...

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