Sanctions News

Iran crypto flows have dropped 11% this year to July amid conflict with Israel, a $90 million hack on local crypto exchange Nobitex and Tether freezing 42 wallets.

The UK sanctioned Kyrgyz banks, crypto exchanges and individuals tied to Russia’s ruble-backed stablecoin.

The US government redesignated Garantex on Thursday to its list of sanctioned entities, along with its successor, Grinex, but TRM Labs suggests it may be ineffective.

The Office of Foreign Assets Control said it was taking additional action against the crypto exchange after including it on its list of Specially Designated Nationals in 2022.

Roman Storm’s trial verdict leaves the door open for US prosecutors to retry the Tornado Cash developer, attorneys said.

The EU has sanctioned multiple entities for using cryptocurrencies to evade restrictions, channel funds, and propagate pro‑Russian disinformation and election interference.

The judge reportedly said she would not be inclined to have attorneys bring up the US Treasury’s 2022 sanctions against Tornado Cash after they were withdrawn in March.

The dismissal came days before Tornado Cash developer Roman Storm was scheduled to face charges in US federal court.

Applying advanced tools for tracking illicit stablecoin transactions is necessary; still, it is not enough to mitigate the risks of mass adoption.

Countries that ban crypto payments often have no restrictions on using crypto abroad, but such legal overlaps may attract scrutiny from global regulators like the FATF.

With a $151 million market cap, A7A5 has reportedly been involved in $9.3 billion of transactions with Grinex, the supposed successor to the sanctioned Garantex exchange.

The stablecoin giant froze over $12.3 million worth of funds, pointing to potential illicit activity or AML violations.

Binance’s rollout in Syria features a full access launch, allowing Syrians to trade at least 300 tokens, including Bitcoin, XRP, Toncoin and more.

The situation involving Garantex “undermines the illusion of control that many still cling to,” according to Global Ledger co-founder and CEO Lex Fisun.

Exposure to wallets tied to suspected Garantex successor Grinex keeps rising as blockchain analyst warnings are ignored.