Tagged: international sanctions

Binance Halts Peer to Peer Crypto Transactions in Russia After Potentially Failing to Adhere to Sanctions Enforcement Requirements

P2P digital currency exchanges have reportedly assisted crypto traders with circumventing globally-enforced sanctions against Russia’s banking institutions. Crypto exchange Binance‘s recent activities might worsen its regulatory challenges in the US. The recent crackdown attempts to place a ban on transactions completed with payment cards that… Read More

Iran Is Reportedly Planning to Bypass International Sanctions by Engaging in Bitcoin Mining and BTC Transactions

Iran’s Presidential Center for Strategic Studies, which is a thinktank that is attached with President Rouhani’s office, has released an extensive report which emphasizes the need for the so-called rogue State to use decentralized cryptocurrencies to generate additional revenue. Extracting these virtual currencies, the report… Read More

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