sanctions - Claimpayback

Coinbase-supported motion counters Tornado Cash sanctions

0xMain
May 26, 2023

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The filing asserts that the Treasury does not possess the necessary jurisdiction to ban Tornado Cash and its associated transactions. In a recent filing on May 24, six individuals presented four key arguments to overturn the United States Treasury’s decision to impose sanctions...

US Treasury challenged over Tornado Cash sanctions

0xMain
May 25, 2023

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In a bid to reverse sanctions against Ethereum’s privacy service, Tornado Cash, plaintiffs question the U.S. Department of Treasury’s interpretation of property rights in smart contracts and the application of the first amendment’s free speech clause. In a fresh legal development, the U.S....

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US DoJ reportedly investigating Binance for violating sanctions against Russia

0xMain
May 6, 2023

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Binance is reportedly under investigation by the United States Depart of Justice (DoJ) Department’s national security division over suspicions of illegally allowing Russians to evade sanctions and move money through the exchange. Binance accused of breaching Russian sanctions According to five sources who...

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Poloniex settles sanctions violations allegations for $7.59m

0xMain
May 1, 2023

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Cryptocurrency exchange Poloniex has agreed to pay a $7.59 million settlement to the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) in response to allegations of numerous sanctions violations. Cryptocurrency trading platform Poloniex has agreed to pay a settlement of $7.59 million...

US imposes sanctions on individuals for aiding North Korea

0xMain
April 24, 2023

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The Office of Foreign Assets Control (OFAC) of the U.S. Treasury has sanctioned three individuals for using illegal financing and illicit cyber activity to support the Democratic People’s Republic of Korea (DPRK). OFAC targets individuals aiding North Korea’s unlawful financial activities The Office...

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Binance claims to comply with sanctions against Russia

0xMain
April 19, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In response to recent reports that Binance has removed restrictions on crypto accounts held by Russian nationals and entities exceeding €10,000 ($12,000), a spokesperson for the world’s largest cryptocurrency...

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US OFAC sanctions 5 individuals in China and Guatemala, bitcoin address blacklisted

0xMain
April 16, 2023

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On April 14, the United States Office of Foreign Assets Control (OFAC), under the Treasury Department, sanctioned five individuals and two companies based in China for supplying cartels in Mexico with precursor ingredients used to manufacture opioids. OFAC sanctions Of the five people sanctioned, a...

Russia will use Chinese yuan for transactions, avoiding sanctions

0xMain
March 22, 2023

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A shift in the digital currency environment may occur due to Russia’s latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America. Despite Russia’s choice having nothing to do with...

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Russia pushes foreign CBDC transactions as sanctions tighten

0xMain
January 12, 2023

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Amidst continuous sanctions imposed on Russia for its invasion of Ukraine, the country is accelerating its CBDC program. According to the Jan. 9 report, Russia’s central bank will research two potential cross-border settlement solutions as part of its intentions to move forward with...