FinCEN: Russia may use cryptocurrency to evade sanctions

Mar 8, 2022

FinCEN: Russia may use cryptocurrency to evade sanctions

The US regulator has asked financial institutions to report any suspicious actions on the Russian side

United Russia discussed the use of cryptocurrencies to protect against sanctions

Mar 7, 2022

United Russia discussed the use of cryptocurrencies to protect against sanctions

In Russia, 12% of the population is involved in cryptocurrency transactions, the party noted

Switzerland will freeze crypto assets of Russians from the sanctions list

Mar 7, 2022

Switzerland will freeze crypto assets of Russians from the sanctions list

The country joins the restrictive measures previously imposed by the EU and the United States

​Hardware wallet developer Trezor has stopped shipping devices to Russia

Mar 7, 2022

​Hardware wallet developer Trezor has stopped shipping devices to Russia

A spokesperson for Satoshi Labs confirmed this information

​Coinbase has blocked more than 25 000 Russian accounts

Mar 7, 2022

​Coinbase has blocked more than 25 000 Russian accounts

The exchange intends to comply with sanctions against Russia

​Mining pool BTC.COM blocked access for Russian users

Mar 7, 2022

​Mining pool BTC.COM blocked access for Russian users

The company announced that the pool had joined the economic sanctions

​Circle will disable fiat payments in USDC for users from Russia

Mar 7, 2022

​Circle will disable fiat payments in USDC for users from Russia

The ban will apply to all transactions, including transfers from cards issued in the country

South Korea’s crypto exchanges have joined sanctions against Russia

Mar 5, 2022

South Korea’s crypto exchanges have joined sanctions against Russia

This is to prevent the Russian Federation from being able to use digital assets to circumvent the restrictions imposed because of the special operation in Ukraine

Largest Ethereum mining pool suspended its operation in Russia and Belarus

Mar 5, 2022

Largest Ethereum mining pool suspended its operation in Russia and Belarus

This decision was made under the money laundering law

​UkraineDAO raised $6,75 million in support of Ukraine

Mar 4, 2022

​UkraineDAO raised $6,75 million in support of Ukraine

The platform auctioned off an NFT featuring the Ukrainian flag

​Metamask wallet will support sanctions against Russia

Mar 4, 2022

​Metamask wallet will support sanctions against Russia

Coinbase, Tether, and OpenSea may also impose restrictions on Russian users

​Coinbase head statement: in what case will the exchange block all Russians?

Mar 4, 2022

​Coinbase head statement: in what case will the exchange block all Russians?

Brian Armstrong will make a decision on blocking based on the decisions of the US authorities