The war between Russia and Ukraine is putting cryptocurrencies to the test. Will they prove to be a store of value – or a tool to evade sanctions and hide the proceeds of crime? Last week, the world’s largest cryptocurrency exchange, Binance, agreed to target Russian clients who have been s.
The Treasury Department’s Office of Foreign Assets Control has published regulations stating that U.S. entities and residents may not use digital currencies to benefit Russia’s government as an attempt to circumvent sanctions in response to the invasion of Ukraine.
Rapidly evolving digital markets have created new ways to subvert heavy-duty penalties that were designed to cut off wealthy Russians and state-backed institutions from the U.S. financial system in the aftermath of the invasion of Ukraine.
The Cyberspace Solarium Commission has been trying to update a Cold War-era law to prepare for the mother-of-all cyber emergencies. But industry says there aren’t many details about what this would look like.
A cryptocurrency broker that the Biden administration considers a key cog in the recent ransomware epidemic is legally registered in the Czech Republic