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sanctions

CDCROP: Treasury Department (Shutterstock)

Policy

Crypto Investor Paradigm Argues Infrastructure Providers Should Not Be Subject to US Treasury Sanctions

The firm laid out a legal argument against Office of Foreign Assets Control (OFAC) sanctions targeting base layer participants such as miners and validators.

By Frederick Munawa

Sep 9, 2022 at 8:17 p.m. UTC

Sep 9, 2022

SanctionsVenture CapitalTornado CashParadigm

Policy

Russia

Russia Exploring Stablecoin Settlements With Friendly Nations: Report

President Vladimir Putin had signed a law banning digital payments earlier this summer.

By Nelson Wang

Sep 6, 2022 at 4:22 p.m. UTC

Sep 6, 2022

RussiaStablecoinSanctions

UK crypto companies must report sanction violations (Godrick/Getty Images)

Policy

Regulations

UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts

The U.S. and European Union have also extended sanctions rules to crypto since Russia’s invasion of Ukraine gave way to heightened concerns over the use of digital assets to circumvent restrictions.

By Camomile Shumba

Sep 5, 2022 at 3:33 p.m. UTC

Sep 5, 2022

regulationsCryptoSanctionsRussiaUK

Podcasts

The breakdown

‘Piles of Risk’: An Outlook for Autumn

A review of the key events in crypto last month.

By Nathaniel Whittemore

Sep 3, 2022 at 1:00 p.m. UTC

Sep 3, 2022

The BreakdownPodcastsCryptoSanctionsThe Merge

Layer 2

Opinion

Tether’s Tornado Cash Noncompliance Is Less Brave Than You Think

The world’s largest stablecoin issuer won't freeze tainted addresses, for now.

By Daniel Kuhn

Aug 25, 2022 at 6:00 p.m. UTC

Aug 25, 2022

OpinionThe NodeNewslettersTornado CashSanctionsTether

Business

Mining

Sanctioned Bitcoin Mining Firm BitRiver Loses Another Client as SBI Leaves: Sources

The Japanese bank is at least the second big name to emerge as ceasing work with BitRiver after the U.S. Treasury Department imposed sanctions on the Russian firm in April.

By Anna Baydakova Eliza Gkritsi

Aug 25, 2022 at 5:50 p.m. UTC

Aug 25, 2022

MiningRussiaBitriverSanctionsSBI Holdings

Low Angle View Of Flag Against Clear Blue Sky

Policy

Regulations

Afghan Authorities Shut Down 16 Crypto Exchanges in One Week: Report

Police reportedly closed the exchanges and arrested their staff after Afghanistan's central bank stated that digital currency trading should be stopped, citing problems and scams.

By Sandali Handagama

Aug 25, 2022 at 11:58 a.m. UTC

Aug 25, 2022

regulationsMiddle EastSanctionsCryptoPolicyAfghanistan

No one knows exactly what the fallout from the Tornado Cash sanctions will look like. (Antonio Masiello/Getty Images)

Business

Tether

Tether Sticks to Decision Not to Bar Tornado Cash Addresses

The stablecoin issuer sees a freeze of secondary Tornado Cash addresses as premature, and awaits more clarity from U.S. authorities.

By Cam Thompson

Aug 24, 2022 at 5:23 p.m. UTC

Aug 24, 2022

TetherTornado CashEthereumStablecoinsUSSanctions

Policy

Regulations

US Lawmaker Emmer Asks Treasury Department to Explain Tornado Cash Sanctions

Treasury's sanctions watchdog sanctioned Tornado Cash earlier this month on allegations it helped North Korea's Lazarus Group launder millions of stolen crypto funds.

By Nikhilesh De

Aug 23, 2022 at 3:05 p.m. UTC

Aug 23, 2022

regulationsTom EmmerOFACSanctionsTornado CashCongressUS