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“# Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin ” Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country. Deripaska took to his official Telegram channel on Thursday to blast the Russian central bank for pressuring the crypto industry to…
“#Bulgaria’s leader makes new push to fight endemic corruption” SOFIA, Bulgaria — Bulgaria’s interim prime minister on Monday urged the government to redouble its efforts to fight endemic graft, calling for changes in prosecutors’ offices, the judiciary and all law enforcement agencies. Prime Minister Stefan Yanev spoke at a meeting of the government security council…
“#US to levy sanctions on Belarus after intercepting a plane” The US has begun drawing up sanctions against Belarus and its president, Alexander Lukashenko, following last weekend’s forced landing of a Ryanair flight and the arrest of a 26-year-old opposition activist and blogger on board. Belarussian authorities used a fake bomb threat as a pretext…
“# Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments ” In a broader effort to circumvent the effects of sanctions, Iran may be attempting one of the first instances of digital currency protectionism. According to a Tweet from news outlet Iran International, The Central Bank of Iran announced a decision from the…
“#US and allies slap China’s wrist while Beijing plays brutal hardball” On Monday, the United States, Britain, Canada and the European Union announced sanctions against multiple Chinese officials for “serious human rights abuses” against the Muslim-minority Uighurs in the far-west region of Xinjiang. That’s wrist-slaps over genocide while Beijing goes for the jugular against powers…
“#U.S. sanctions against Russia for Navalny poisoning may come on Tuesday” WASHINGTON – The United States is expected to impose sanctions to punish Russia for the poisoning of Kremlin critic Alexei Navalny as early as Tuesday, two sources familiar with the matter said. President Joe Biden’s decision to impose sanctions for Navalny’s poisoning reflects a harder stance than…
“# What Russian journalists can learn from Navalny’s Bitcoin wallet ” Alexei Navalny is a noted leader of the Russian opposition. His “Anti-Corruption Foundation” (FBK) has been a thorn in President Vladimir Putin’s side for many years. Though the FBK has been locked out of mainstream politics — much as Navalny has been blocked from…
“# Law Decoded: Bringing blockchain into securities markets, Feb. 12–19 ” Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Technology is by and large not the major barrier — though many in the industry have a decent bit of hubris about it….
“# Another crypto firm hit with fines for violating U.S. sanctions ” BitPay will have to pay the U.S. Treasury’s Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions. In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated “approximately $129,000 worth of digital currency-related…
“# BitGo settles with US Treasury over sanctions violations in Iran, Syria and Cuba ” The U.S. Treasury has settled with BitGo over charges that it facilitated users in sanctioned areas to transact using its crypto wallet services between 2015 and 2019. BitGo, an institutional crypto custodian service and wallet operator, did not do due…