sanctions

27 Articles 0 Followers


What You Need to Know About Crypto Sanctions and Compliance

20 May 2023 8 minute read 4 comments MintDice.com

As the world of cryptocurrencies continues to evolve, so do the regulatory frameworks surrounding them. One crucial aspect of this regulation is the enforcement of sanctions compliance in the crypto industry. Governments and regulatory bodies around...

Washington pressuring Africa to scale down economic ties and trade with Russia is sinister and diabolical beyond belief

11 Mar 2023 1 minute read 5 comments Kovichni

It should come as no shock that some of the most haunting and saddening scenes we have witnessed hail from Africa. I don't think I need to elaborate on why and as they say, pictures speak a thousand words: The photographer/journalist who took t...

Coinbase to Bankroll Six Investors Claims Against the SEC for Tornado Cash Sanctions

20 Sep 2022 8 minute read 2 comments kev_nag

Looking at the instances happening around the crypto space are enough to create skepticism regarding the intentions of the government. Why’s that? Well, the list is long, some are worth mentioning though. Take the Tornado Cash sanction for instance....

Tether Will Not Freeze Tornado Cash Addresses Sanctioned By U.S. Office of Foreign Assets

25 Aug 2022 3 minute read 1 comment kev_nag

The recent US government sanction on virtual currency mixer Tornado Cash raised alarm bells in the cryptocurrency industry. Tornado Cash, an Ethereum-based coin mixer, has been sanctioned by the US Treasury Department’s Specially Designated National...

Coin Center Expected to Challenge Tornado Cash Sanctions Imposed by U.S. Treasury

17 Aug 2022 5 minute read 2 comments kev_nag

“Cryptocurrency policy advocacy group Coin Center, from United States, expressed its intentions to pursue administrative relief for individuals affected by cryptocurrency mixer Tornado Cash sanctions, which have been initiated by the Treasury Departm...

In the Tornado Cash Wake - DAO Goes Dark Without Explanation

13 Aug 2022 4 minute read 0 comments kev_nag

The Tornado Cash DAO community has voted in favor of adding the DAO’s governance as a signatory to the treasury’s multi-signatory (multisig) wallet. The treasury looks after about $21.6 million across three different wallets. This vote began on Wedn...

Follow-up: Now Circle moves to Freeze All Blacklisted Tornado Cash Smart Contract Addresses

9 Aug 2022 3 minute read 2 comments kev_nag

Merely nine hours ago or so, I published an article [Nagoda, K. U.S. Treasury OFAC Bars Residents From Using Tornado Cash and Added 44 Addresses to the Specially Designated Nationals List. (Accessed August 9, 2022)]. On reading the ‘Crypto News’ this...

Tornado Cash, OFAC Mixer Sanctions and What This Means For You and For Crypto

9 Aug 2022 1 minute read 1 comment Vespera

The Office of Foreign Assets Control ("OFAC") administers and enforces economic and trade sanctions based on US foreign policy and national security goals. In May, the U.S. government sanctioned Blender, a coin mixer, for allegedly helping North Kore...

U.S. Treasury OFAC Bars Residents From Using Tornado Cash and Added 44 Addresses to the Specially Designated Nationals List

9 Aug 2022 3 minute read 4 comments kev_nag

In a Monday announcement, OFAC effectively barred U.S. residents from using Tornado Cash and placed 44 USD Coin (USDC) and Ether (ETH) addresses connected to the mixer on its list of Specially Designated Nationals. The department alleged that indivi...

US citizen faces criminal prosecution for sending Bitcoin to country sanctioned by Washington

16 May 2022 1 minute read 1 comment Kovichni

I remember when I first heard of the US intending to "shut down" particular components of crypto, which resulted in them blocking it's citizens from certain exchanges and forbidding them to partake in ICOs. This was when/why that Binance US version e...