sanctions | ForkLog

ForkLog 12 24.02.2025

EU Sanctions Target Russian Crypto Exchange Garantex

The European Union has included the Russian cryptocurrency exchange Garantex in its 16th package of sanctions against Russia for aiding in the circumvention of restrictions. “For the first time, the European Council has decided to impose sanctions on the cryptocurrency exchange Garantex, based in Russia, which is closely linked to Russian banks under EU sanctions,” […]

AI translated

ForkLog 35 19.02.2025

Sanctioned Entities Received $15.8 Billion via Cryptocurrencies in 2024

In 2024, jurisdictions and entities on the OFAC sanctions list received $15.8 billion through cryptocurrency transactions—about 39% of all illicit activity. These figures were reported by experts from Chainalysis. State Involvement in Illegal Transactions According to analysts, a record 60% of illegal crypto transactions in 2024 were attributed to sanctioned jurisdictions rather than individuals or […]

AI translated

ForkLog 10 12.02.2025

Russian Provider Zservers Sanctioned for Aiding LockBit

The United States, Australia, and the United Kingdom have imposed sanctions on the Russian secure hosting provider Zservers for offering services to the LockBit ransomware group. ? SANCTIONED: Russian cyber entity ZSERVERS, the launchpad for crippling ransomware attacks, and their UK front, XHOST Internet Solutions LP. The UK is cracking down on the Russian cybercrime […]

AI translated

ForkLog 37 05.02.2025

Deribit to Cease Services for Russian Clients in Compliance with Sanctions

The cryptocurrency options platform Deribit announced it will cease servicing Russian citizens and residents, with certain exceptions. Under the new rules, the platform will restrict access for: Russian citizens, unless they are also citizens of a European Economic Area (EEA) country or Switzerland, or reside there; individuals residing in Russia who do not hold citizenship […]

AI translated

ForkLog 12 13.01.2025

America tightens curbs on chip imports

President Joe Biden’s administration has introduced new restrictions on imports of US-designed computer chips in a bid to prevent other countries from accessing cutting-edge technology, CNN Business reported. US Commerce Secretary Gina Raimondo said the rules are intended to safeguard advanced AI systems and ensure their distribution only among allied nations. The curbs introduce mandatory […]

AI translated

ForkLog 28 19.12.2024

Ukrainian Financial Institutions Endorse P2P Transfer Restrictions

A memorandum imposing restrictions on outgoing transfers without documented sources of funds has been joined by 23 Ukrainian banks and two payment systems, according to a report from the Association of Ukrainian Banks (AUB). In addition to financial companies NovaPay and RozetkaPay, the signatories include: Ukreximbank; Ukrgasbank; KRISTALBANK; Globus Bank; MTB Bank; Radabank; Idea Bank; […]

AI translated

ForkLog 26 10.12.2024

Ukrainian Banks Tighten Limits on Outgoing Transfers

Ukraine’s largest banks have signed a memorandum imposing restrictions on outgoing transfers without documentary proof of income, according to RBC-Ukraine. The new rules have been approved by monobank, Oschadbank, OTP Bank, PrivatBank, PUMB, Raiffeisen Bank, Tascombank, and Universal Bank. The memorandum remains open for further signatories. For high-risk clients, the limit is set at 50,000 […]

AI translated

ForkLog 11 09.12.2024

Iran to Regulate Cryptocurrencies to Circumvent Sanctions

The Iranian government plans to regulate cryptocurrencies by introducing additional rules rather than imposing direct restrictions. This was stated by the country’s Minister of Economy and Finance, Abdolnaser Hemmati, according to local media. According to the official, the authorities intend to mitigate the negative impact of crypto assets on the economy while harnessing their positive […]

AI translated

ForkLog 22 05.12.2024

UK Cracks Down on Russian Cryptocurrency Laundering Network

The NCA, with the aid of international partners, has dismantled extensive Russian money laundering networks using cryptocurrencies, linked to drug and arms trafficking, ransomware, and espionage activities. Operation Destabilise: NCA disrupts $ multi-billion Russian money laundering networks with links to, drugs, ransomware and espionage, resulting in 84 arrests. Read the full story ➡️ https://t.co/24qU98Ld4e pic.twitter.com/ZjPmXuFvuZ […]

AI translated

ForkLog 7 27.11.2024

US Court Deems Sanctions Against Tornado Cash Unlawful

The US Fifth Circuit Court of Appeals has ruled that the OFAC overstepped its authority in imposing sanctions on the cryptocurrency mixer Tornado Cash, as reported by The Block. The previous district court decision has been overturned. “Immutable smart contracts of Tornado Cash (lines of code ensuring privacy) do not constitute ‘property’ of a foreign […]

AI translated

ForkLog 79 22.10.2024

Report: Iranian Exchanges Linked to Government and Sanctions Evasion

Most Iranian centralized cryptocurrency exchanges are linked to the government and participate in the country’s evasion of sanctions, according to OSINT researcher Maria Noor. Current status of Iran’s local cryptocurrency Exchanges: Tens of Millions of Users and Severe US Sanctions By @MARIANOOR_BTC Nobitex, Excoino, Wallex, and Bit Pin are four major CEXs in Iran. 15 […]

AI translated

ForkLog 13 16.10.2024

Ukrainian Central Bank Dismisses Cryptocurrency as Legal Tender

The National Bank of Ukraine does not recognize cryptocurrency as legal tender and asserts that the digital asset market requires legislative regulation. This was stated by the head of the regulator, Andriy Pyshnyy, in an interview with Interfax-Ukraine. Following the imposition of restrictions on P2P transfers, capped at 150,000 UAH per month, experts noted a […]

AI translated

#sanctions