sanctions | ForkLog

ForkLog 14 19.02.2021

BitPay fined over $500,000 for sanctions violations involving Crimea, North Korea and Iran

The cryptocurrency processing service BitPay will pay $507,375 for sanctions-law violations, according to a notice from the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury.

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ForkLog 8 08.02.2021

Slush Pool says it does not interact with addresses on the U.S. sanctions list

The oldest Bitcoin mining pool, Slush Pool, has confirmed that it does not interact with cryptocurrency addresses on the OFAC sanctions list of the U.S. Treasury.

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ForkLog 16 29.01.2021

Court rejects defendant’s bid to cooperate with North Korea, Ethereum developer

A federal judge in New York rejected the motion by former Ethereum Foundation researcher Virgil Griffith to drop charges of providing information assistance to North Korea, Law360 reports.

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ForkLog 14 31.12.2020

BitGo to pay fine for OFAC sanctions violations

The custodial service BitGo has agreed to pay a fine of $93,830 as part of a settlement of allegations of OFAC sanctions regime violations by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC).

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ForkLog 8 23.12.2020

Ethereum developer accused of aiding North Korea will stand trial in 2021

The U.S. government intends to charge Ethereum developer Virgil Griffith with information assistance to North Korea. Preliminary hearings are scheduled for September 2021, according to CoinDesk.

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ForkLog 6 03.12.2020

Cuba Turns to Bitcoin Amid U.S. Sanctions

Cubans have increasingly turned to cryptocurrencies after the tightening of U.S. sanctions. Deutsche Welle reports this.

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ForkLog 26 21.11.2020

US government engages stablecoin issuer USDC to support the opposition in Venezuela

The USDC issuer Circle announced a collaboration with the US authorities to distribute cash payments among healthcare workers in Venezuela, circumventing restrictions imposed by Nicolás Maduro's government.

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ForkLog 9 16.11.2020

Opinion: Without regulation of the cryptocurrency market, Ukraine risks the FATF blacklist

Ukraine's anti-money-laundering legislation needs urgent refinement, otherwise the country risks ending up in the 'grey zone' or being placed on FATF's blacklist. This was stated by Maxim Demyanyuk, head of the expert group on the development of virtual assets at the Ministry of Digital Transformation.

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ForkLog 11 25.10.2020

Ethereum Foundation researcher files motion to dismiss North Korea sanctions conspiracy charges

Former Ethereum Foundation researcher Virgil Griffith has filed a motion to dismiss charges of conspiring to violate U.S. sanctions on the grounds that prosecutors failed to establish his crime properly. Cointelegraph reports.

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ForkLog 7 06.10.2020

In Bishkek, as protests raged, problems with internet access and connectivity were reported

In the capital of Kyrgyzstan, during protests over parliamentary elections, users of the largest mobile operators began reporting problems with connectivity and internet access. Local outlet 24.kg reports.

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ForkLog 17 02.10.2020

US authorities urge not to pay ransomware operators under the threat of sanctions

The United States Treasury's Office of Foreign Assets Control (OFAC) published guidance for ransomware victims. The agency said that paying ransoms to ransomware operators that are subject to U.S. sanctions would also be considered a sanction violation.

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ForkLog 16 30.09.2020

Venezuela to expand use of cryptocurrencies to bypass sanctions

President Nicolás Maduro presented a government-drafted bill aimed at countering sanctions. It expands the use of cryptocurrencies.

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