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Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency

Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using CryptocurrencyThe crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine. Bills Preventing Wealthy Russians From Using Crypto to Avoid Sanctions The Blockchain Association has been lobbying U.S. […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

US Charges Ethereum Dev’s Conspirators Allegedly Helping North Korea Evade Sanctions Using Crypto

US Charges Ethereum Dev’s Conspirators Allegedly Helping North Korea Evade Sanctions Using CryptoTwo European citizens have been charged for conspiring with Ethereum developer Virgil Griffith to help North Korea evade U.S. sanctions using cryptocurrency, the Department of Justice (DOJ) announced. They conspired “to teach and advise members of the North Korean government on cutting-edge cryptocurrency and blockchain technology, all for the purpose of evading U.S. sanctions.” Virgil […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, Unconstitutional

US Senators Introduce Crypto Sanctions Bill — Expert Says It’s Overbroad, UnconstitutionalU.S. Senator Elizabeth Warren and 10 other lawmakers have introduced the “Digital Asset Sanctions Compliance Enhancement Act of 2022.” The bill “would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge or intent to help evade sanctions,” an expert said. Lawmakers Unveil Digital Asset Sanctions Compliance […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

US Lawmakers Introduce Bill to Sanction Russia’s Gold

US Lawmakers Introduce Bill to Sanction Russia’s GoldFour U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By sanctioning these reserves, we can further isolate Russia from the world’s economy and […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

Binance, Coinbase Explain Why Cryptocurrency Won’t Help Russia Evade Sanctions

Binance, Coinbase Explain Why Cryptocurrency Won’t Help Russia Evade SanctionsThe chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions. CEOs of Binance and Coinbase Say Crypto Not Useful at Evading Sanctions Since Russia began its invasion of Ukraine, governments worldwide have raised concerns that cryptocurrency could be used […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade Sanctions

G7 Countries, EU Taking Measures to Prevent Crypto Use to Evade SanctionsG7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group of […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

Coinbase CEO Says Ordinary Russians Use Crypto as a Lifeline as the Ruble Collapses

Coinbase CEO Says Ordinary Russians Use Crypto as a Lifeline as the Ruble CollapsesThe CEO of the Nasdaq-listed crypto exchange Coinbase says ordinary Russians are using cryptocurrency as a lifeline now that their own currency, the ruble, has collapsed. The executive also does not see a high risk of Russian oligarchs using crypto to avoid sanctions. Crypto Becomes a Lifeline for Ordinary Russians Coinbase CEO Brian Armstrong shared […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary Yellen

US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary YellenU.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns about Russia using cryptocurrency as a channel to circumvent sanctions. Treasury Secretary Janet Yellen on Monitoring Russian Efforts to Use Cryptocurrency to Evade Sanctions U.S. Treasury Secretary Janet […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

Mobius Capital Founder Explains Why Bitcoin Is Rallying Amid Russia-Ukraine War

Mobius Capital Founder Explains Why Bitcoin Is Rallying Amid Russia-Ukraine WarVeteran investor Mark Mobius, the founder of Mobius Capital, explains why the price of bitcoin is rallying as the Russia-Ukraine crisis deepens. “Bitcoin is showing strength now because the Russians have a way of getting money out,” he said. Mark Mobius on Why Bitcoin’s Price Is Rising The founder of Mobius Capital Partners, Mark Mobius, […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership

Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions

Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade SanctionsRussia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used by Russia to Evade Sanctions Amid growing […]

Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership