Russia: New law greenlights digital assets use for cross-border payments
The provisions of the newly minted law reveal that only tokenized assets issued by the Bank of Russia are authorized to be deployed in foreign trade payments.
Latest sanctions News
Russia moves ahead with plans to tokenize digital assets for cross-border trade
The State Duma Committee has issued a green light for the proposed digital assets bill to proceed for a second reading on the floor of the House after confirmation of several proposed amendments.
Sinbad coin mixer sanctioned and taken down by global authorities
Sinbad.io, a key money laundering tool for North Korean hacker Lazarus Group, had its website seized by U.S. authorities and is now facing sanctions over alleged coin mixing services.
US Treasury Deputy says department seeks more authority to fight digital asset crime
As the U.S. untangles digital asset scandals and brings 'crypto' crooks to justice, the Treasury Department is looking to enhance its power to further crack down on illicit activity in the space.
US Treasury cracks down on coin mixing
The move was announced by the Financial Crimes Enforcement Network, identifying coin mixing operations as “a class of transactions of primary money laundering concern.”
Coinbase frets as US pols seek new weapons to fight ‘crypto’ terror financing
Digital asset exchange Coinbase issued a blog post on October 17 emphasizing its commitment to “rooting out bad actors seeking to use crypto for illicit purposes.”
Tornado Cash founders charged in $1 billion money laundering scheme, including for North Korea
The two co-founders of the Ethereum-based mixer Tornado Cash were charged by the U.S. Department of Justice with money laundering and sanction violations after they allegedly helped launder $1 billion.
Binance tempts fate by helping Russia dodge economic sanctions
Binance remains a key conduit for Russian entities looking to convert rubles into digital assets that can then be exchanged for mainstream fiat currencies, according to a Wall Street Journal report.
Putin signs digital ruble bill into law, enabling CBDC in Russia
Under the newly signed law, the Bank of Russia is tasked with storing digital ruble assets and will be the principal operator of the digital ruble infrastructure.
Who might face sanctions after Bitzlato?
Data compiled by the Global Ledger team shows five exchanges have similar exposure to Hydra and continue to process transactions in the darknet even after its closure.
Belarus to ban peer-to-peer digital asset transactions to combat crime
Belarus will only allow citizens to trade digital assets through centralized exchanges, saying it has uncovered 27 incidents of illegal crypto services.
Atomic Wallet hack sees North Korea’s Lazarus Group pocketing $100M: report
Atomic Wallet was hacked earlier this month in an attack it claimed only affected 1% of users, and Elliptic reports that the Lazarus Group is laundering the money through the Garantex exchange.