Category: Sanctions

Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

February 23, 2023 Caden

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian…

American, Arrest, Arrested, Blockchain, blockchain technologies, Brit, British citizen, Briton, Crypto, crypto entrepreneur, crypto technologies, Cryptocurrencies, Cryptocurrency, detained, evasion, INTERPOL, News, north korea, pyongyang, Russia, russian, Sanctions, U.S., US

Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria

January 12, 2023January 27, 2023 Caden

According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into Nexo is a large-scale operation involving 300 investigators from various agencies, including the National Security Service, Gendarmerie, and Sofia Police. Bulgarian Law Enforcement…

$94 billion, Attorney General, bulgarian, business, Chief prosecutor, Crypto, crypto lender Nexo, Executives, Investigation, Law Enforcement, Lawsuit, lender, Lending services, Letitia James, Market exit, Money Laundering, News, Nexo, Nexo crypto lender, Nexo Investigation, Nonsense, Offices, Raid, Regulators, Relevant authorities, Russian Federation, Sanctions, Sofia, Spokesperson, State of New York, Suspicious transactions, violations, western sanctions

New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

October 29, 2022January 27, 2023 Caden

A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well. Draft Legislation on Crypto Mining Allows Russian…

bill, Crypto, crypto miners, crypto mining, crypto payments, Cryptocurrencies, Cryptocurrency, draft law, international settlements, Law, lawmakers, Legislation, legislative proposal, lower house, Miners, Mining, mining bill, parliament, Russia, russian, Sanctions, State Duma

War Spurs Crypto Activity in Russia and Ukraine, Chainalysis Reports

October 15, 2022January 27, 2023 Caden

The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern Europe as a whole sustained its role in the global crypto ecosystem. Russians…

Activity, Chainalysis, conflict, Crypto, Crypto activity, crypto assets, crypto payments, crypto transactions, Cryptocurrencies, Cryptocurrency, Currency, Eastern Europe, Economy, Fiat, inflation, News, region, report, restrictions, Russia, Sanctions, Stablecoins, transactions, Ukraine, War

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

June 21, 2022January 27, 2023 Caden

Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield,…

Bank of Russia, Central Bank, Charles Lichfield, China, conflict, Crude Oil, cut rate, Economics, EU, Gas, India, interest rate, Martin Armstrong, OIL, Peace Talks, rouble, ruble, ruble crash, ruble falls, ruble plunges, Ruble Rises, Ruble strength, Russia, russia bank run, Russia Ruble, russian bank run, russian sanctions, Sanctions, Ukraine, Ursula Von Der Leyen, Vladimir Putin, War, Western Allies, Youtuber Jake Broe