Sanctions News

Binance VP Eastern Europe Gleb Kostarev and CIS director Vladimir Smerkis have announced they have quit the company.

Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.

A Binance spokesperson reportedly said the global cryptocurrency exchange was considering all options in regard to Russia, “including a full exit.”

Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on Bybit and OKX.

The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks.

Despite the U.S. Department of Justice investigating Binance for alleged violation of U.S. sanctions with its services in Russia, the firm has continued to promote its platform in the country.

Roman Semenov was placed on OFAC’s sanctioned persons list, and Roman Storm was arrested as the United States continued its crackdown on the crypto mixer.

Competing motions for summary judgment saw a federal judge rule the U.S. Treasury was within its authority to declare Tornado Cash a sanctioned entity.

A report says sources close to the situation have said U.S. officials plan to restrict Chinese companies’ access to cloud computing services as a security measure.

Stolen loot crypto from Atomic wallets has started passing through sanctioned Russian-based exchange Garantex, according to blockchain security firm Elliptic.

The crypto industry advocacy group has placed its support behind Coin Center and its lawsuit against the U.S. Treasury over its Tornado Cash sanctions.

The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023.

Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said.

According to the filing, the Treasury lacks the authority to prohibit Tornado Cash and transactions associated with it.

U.S. sanctions have limited China’s access to the latest chip technology to develop AI, but local companies are not letting this stop them.