Category: Policy

The U.S. has already added various Russian oligarchs, their families and major banks in Russia to the OFAC sanctions list.

If the U.S. doesn’t move on a digital dollar, it can lose its technological and financial edge, “Crypto Dad” told CoinDesk TV.

The European parliament earlier today postponed a vote on a package of crypto regulations.

The non-profit is also raising funds in bitcoin but Patreon was the most convenient way for foreigners to donate to the fund, according to the charity’s director.

A leaked draft has drawn criticism for including a provision that sought to ban the use of cryptocurrencies that rely on proof-of-work.

The detail adds another layer of intrigue to the seemingly inexplicable hack of IRA Financial Trust, an institutional partner of the Gemini exchange.

The Thursday announcement stems from a late-2020 enforcement action.

A digital wallet raising funds to support the Ukrainian army has received over $700,000 in bitcoin.

Several European countries have also announced sanctions to try and force Russia to cease hostilities after it invaded Ukraine.

The global community hopes financial penalties against Russian officials might encourage a swift end to its military actions. Cryptocurrency is an unlikely workaround for Vladimir Putin’s government, according to sanctions and blockchain experts.

The ruling paves the way for violators to be criminally prosecuted with a punishment of up to ten years in prison and fines of up to $79,000.

The EU is setting up an anti-money laundering watchdog, and leaders want it to have strict oversight of crypto firms.

A draft regulatory package calls for the restriction of cryptocurrencies that use proof-of-work consensus mechanisms.

Ukraine’s central bank banned the issuance of electronic money and the replenishment of electronic wallets following Russia’s invasion.