🟢 #Senate Bill #Could Open #Crypto to U.S. #Sanctions, but #Industry #Trying to Head it Off
A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence's funding package recently without most in the industry – and many in Congress – apparently aware of it, but industry insiders consider its chances for survival to be limited.

🟢 #Senate Bill #Could Open #Crypto to U.S. #Sanctions, but #Industry #Trying to Head It Off
A piece of legislation with heavy implications for the digital assets sector made it through the Senate Select Committee on Intelligence's funding package recently without most in the industry – and many in Congress – apparently aware of it, but industry insiders consider its chances for survival to be limited.

🟢 #Ethereum #Entities #Largely #Complied With #Tornado Cash #Sanctions, NY Fed #Paper Says #bitcoin #btc #eth #crypto
- The Federal Reserve Bank of New York published a report Wednesday morning assessing the effect sanctions had on Tornado Cash.

🟢 A federal judge on Thursday told former FTX executive Ryan Salame that he could be hit with sanctions after Salame lied to the judge about prosecutors not making promises to him as part of his plea deal last year, CNBC reported.
#Federal #Judge #Threatens Ryan #Salame With #Sanctions #After #Former FTX Exec Says He Lied #About Plea Deal Last Year - #bitcoin #btc #eth #crypto

🟢 One of Cambodia’s wealthiest businessmen has been hit with U.S. sanctions for allegedly playing a role in serious human rights abuses – including human trafficking and torture – tied to a pig butchering scam operation headquartered in the Southeast Asian country.
U.S. #Treasury #Sanctions #Cambodian #Tycoon With Ties to Pig #Butchering #Scams - #bitcoin #btc #eth #crypto

🟢 Russian nationals Sergey Ivanov and Timur Shakhmametov have been charged for their involvement in operating money laundering services that catered to cybercriminals using cryptocurrencies, U.S. authorities announced on Thursday.
#Global #Effort #Disrupts #Russia #Linked #Network #Using #Crypto to #Evade #Sanctions, U.S. #Charges Two #Russians - #bitcoin #btc #eth #crypto

🟢 One of the entities which helped Russian oligarchs evade U.S. sanctions is registered in Sheridan, Wyoming.
U.S. #Treasury #Sanctions 5 #People, 4 #Entities Tied to #Russian #Money #Laundering #Group - #bitcoin #btc #eth #crypto

🟢 Crypto exchange Upbit could face sanctions from South Korean authorities for not complying with money laundering obligations.
#Upbit, #South #Korea's #Largest #Crypto #Exchange, May Face #Sanctions in the #Country: #Report - #bitcoin #btc #eth #crypto

🟢 While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions.
#Russia #Turns to #Crypto to #Bypass #Western #Sanctions in Oil #Trade: #Reuters - #bitcoin #btc #eth #crypto

🟢 Tornado Cash was sanctioned multiple times over allegations of helping Lazarus Group launder funds.
U.S. #Government #Removes #Tornado Cash #Sanctions - #bitcoin #btc #eth #crypto

🟢 The Karen National Army and its leaders were sanctioned on accusations they perpetuated crimes against U.S. citizens that featured crypto thefts.
U.S. #Treasury #Sanctions #Burmese #Militia #Group Said to Run 'Pig #Butchering' #Compounds - #bitcoin #btc #eth #crypto

🟢 The wallets received payments directly from Huione Pay, a subsidiary of Huione Group.
U.S. #Sanctions #Funnull for Role in Pig #Butchering #Scam, #Huione-Linked #Crypto #Wallets - #bitcoin #btc #eth #crypto

🟢 According to OFAC, Funnull Technology Inc. provides computer infrastructure for “hundreds of thousands” of pig butchering websites.
OFAC #Sanctions #Philippines-Based Tech #Company For #Facilitating Pig #Butchering #Schemes - #bitcoin #btc #eth #crypto