Latest News and Articles about Sanctions
Garantex Defies Sanctions: $15M in Crypto Moved, Grinex Emerges as Successor
Russia’s Garantex Evades Sanctions: Millions in Crypto Moved Despite USDT Freeze Sanctioned Russian cryptocurrency exchange Garantex continues to thumb its nose at international efforts to curb its operations. Despite a high-profile freeze of $26 million in Tether (USDT) assets by the United States, Germany, and Finland in March, blockchain analytics reveal an additional $15 million […]
Read MoreRussia Raises Digital Asset Limits, Tightens Bitcoin Restrictions Amid Sanctions
Russia Boosts Digital Asset Investment Limits Amid Sanctions, Tightens Bitcoin Control Russia’s Central Bank (CBR) has dropped a significant update, proposing to raise the annual investment limit for non-qualified investors in Digital Financial Assets (DFAs) from 600,000 rubles (roughly $7,600) to 1 million rubles (over $12,600). Alongside this, legal entities are getting a free pass […]
Read MoreRussia Bypasses Sanctions with BTC, ETH, USDT in Oil Trade with India, China
Russia’s Strategic Pivot: Using Bitcoin, Ethereum, and USDT to Bypass Western Sanctions in Oil Trade Amidst escalating geopolitical tensions, Russia is increasingly using cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and USDT to trade oil with India and China, sidestepping Western sanctions and showcasing the disruptive potential of decentralized finance. Russia uses BTC, ETH, and USDT […]
Read MoreCrypto Sanctions Evasion Hits $15.8 Billion in 2024: Iran, Russia Lead
Crypto and Sanctions: $15.8 Billion Used to Circumvent Restrictions in 2024 In 2024, the use of cryptocurrencies to bypass international sanctions has surged to an astonishing $15.8 billion, showcasing the dual nature of decentralized finance. This trend not only highlights the innovative potential of digital currencies but also brings to light significant challenges to global […]
Read MoreRussia and Iran Use Crypto to Bypass Sanctions Amid Economic Isolation
Russia and Iran Leverage Crypto to Navigate Western Sanctions In 2024, Russia and Iran increasingly utilized cryptocurrencies to sidestep Western sanctions, highlighting the adaptability of these nations amid economic isolation. A Chainalysis report revealed that sanctioned entities received $15.8 billion in crypto, representing 39% of illicit transactions, showcasing both the power and the peril of […]
Read MoreRussia Embraces Bitcoin for Trade Amid Sanctions: A Strategic Crypto Thaw
Russia’s Crypto Thaw: Embracing Bitcoin for International Trade Amid Sanctions Russia’s relationship with cryptocurrencies is undergoing a significant shift, moving from stringent regulations to a more permissive stance. This “Crypto Thaw” is driven by Western sanctions and a strategic push for de-dollarization (reducing reliance on the U.S. dollar in international transactions), with President Putin legalizing […]
Read MoreRussian Companies Turn to Bitcoin Amid Western Sanctions and Legislative Changes
Russian Companies Leverage Bitcoin to Side-Step Sanctions Amidst mounting Western sanctions, Russian companies are adopting Bitcoin and other cryptocurrencies for international trade. This pivot follows recent legislative shifts in Russia, which now permits an “experimental regime” of crypto payments for foreign transactions. Meanwhile, Ukraine is gearing up to counteract these maneuvers. Russian businesses adopt Bitcoin […]
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