EU Crypto Sanctions Against Russia
The Monetary Authority of Singapore has stated that the country’s cryptocurrency exchanges must abide by the economic restrictions imposed. All approved cryptocurrency exchanges in the nation were reminded to abide by the financial restrictions put in place against Russia by the Monetary Exchange of Singapore (MAS), the nation’s central bank and financial regulator. This declaration […]
United States Department Of Treasury Says It Does Not See Crypto Use In Large-Scale Way To Evade Sanctions
A large-scale usage of cryptocurrencies to circumvent sanctions isn’t seen by the US Department of the Treasury. For illegal finance, “its share as a medium is not anywhere close to that of utilizing cash,” a senior Treasury official said. U.S. Treasury Department Opinion On Crypto Use To Evade Sanctions In an interview with Reuters on […]
Crypto transactions are legitimate but sanctions are still needed – Treasury official
The US Department of Treasury’s Deputy Secretary, Wally Adeyemo, stated that the department would likely be implementing harsher sanctions against corporations engaging in illegal ransomware payments. Adeyemo said the US government will certainly use sanctions when criminals endanger national security interests, speaking at an online event hosted by the Center for a New American Security […]