US Senator Warren Drafting Bill to Ensure Crypto Can’t Be Used to Evade Sanctions
One of the bill’s provisions would make it easier to verify customer identities and transfers to private wallets by enforcing detailed record keeping and reporting, according to NBC News.
Ukrainian Deputy Minister Reiterates Call for Crypto Exchanges to Block Russian Users
Crypto Still Isn’t Helping Russian Oligarchs Evade Sanctions
We have heard a lot over the last week that crypto is not being used to undermine international sanctions against Russia or breakaway regions of Ukraine, and this week’s State of Crypto asks: why on Earth not?
CFTC Brings Charges Against 4 Alleged Operators of $44M Bitcoin Ponzi Scheme
Tuesday’s charges are just the latest in the CFTC’s efforts to regulate the crypto industry.
Treasury Department Launching Crypto Education Initiative: Report
The initiative centers around informing the public about the potential risks of investing in crypto.
Credit Suisse Strategist Says We’re Witnessing Birth of a New World Monetary Order
“Money” will never be the same again after the Ukraine war, writes Pozsar, and Bitcoin may benefit.
Thailand Eases Tax Rules on Digital Assets Until 2023
Crypto traders will be exempt from a 7% VAT tax.
Biden Planning to Sign Executive Order on Crypto This Week: Reports
The White House has been working on coordinating the efforts of different federal agencies since last year.
On Chinese Social Media, Justin Sun Says He Hopes to ‘Strengthen Cooperation’ With Russia
Ukraine Is Buying Bulletproof Vests and Night-Vision Goggles Using Crypto
Ukrainian minister Alex Bornyakov said that the crypto fund is being used to purchase non-lethal equipment for military purposes such as bulletproof vests, night vision goggles, military-grade food rations and medical equipment that helps with hemostasis such as tourniquets.
EU Parliament Monetary Committee to Vote on MiCA Next Week
The European Union Parliament’s economics and monetary committee will vote on the Markets in Crypto Assets (MiCA) legislation next week.
European Parliament Proposes Expanding ‘Travel Rule’ to Every Single Crypto Transaction
Two major factions within the European Parliament propose to expand the “travel rule” to virtually every transaction of digital assets.
Visa, Mastercard Join PayPal in Suspending Russian Operations
The payment processors cited Russia’s invasion of Ukraine in announcing the move on Saturday.
OpenSea Bars Iranian Users as US Sanctions Talk Ramps Up
OpenSea users with Iran-based IP addresses are claiming their accounts were terminated on Thursday, in what is developing into a larger discussion about international sanctions and popular Web 3 platforms.
MetaMask, Infura Block ‘Certain Areas’ Amid Crypto Sanctions Fury
The two pillars of the Ethereum ecosystem did not say which areas were under blockade.
Foundry Digital Joins Crypto Lobbying Group Blockchain Association
The company joins the lobbying group as policymakers consider regulations for the crypto industry.
UK FCA Opened Over 300 Crypto-Related Cases in 6 Months of 2021
The FCA has 50 live investigations into businesses that have not registered with the authority.
Ukraine Government Cancels Airdrop Ahead of Scheduled Snapshot
The minister of digital transformation announced the cancellation on his Twitter account.