OFAC has sanctioned UK-based cryptocurrency exchanges @Zedcex and @Zedxion for processing funds linked to Iran’s IRGC, marking the first such action against crypto exchanges tied to Iran’s financial sector. #Breaking #Legal $USDT
Iran’s Mindex is now accepting cryptocurrency for advanced weapons systems, aiming to circumvent international sanctions. This marks a significant instance of a nation using crypto for military transactions. #Update #Crypto
@JPMorganChase has frozen accounts of stablecoin startups @Blindpay and @Kontigo due to operations in sanctioned regions like Venezuela, highlighting regulatory challenges in the crypto sector. #Update #Crypto $USDC
U.S. authorities indicted Chen Zhi of Prince Group for money laundering and wire fraud, seizing $14.4B in bitcoin linked to forced-labor scams in Cambodia. #Breaking #Legal $BTC
A7A5, backed by sanctioned Promsvyazbank, legally participated in Token2049 per Singapore’s regulations; Bitcoin drops to $122K amid profit-taking. #Update #Crypto $BTC
Russian-controlled cryptocurrency operations have executed transactions exceeding $6.1 billion using the stablecoin $A7A5 since U.S. sanctions in August, involving significant token destruction to evade restrictions. #Update #Crypto $A7A5
A ruble-backed stablecoin, A7A5, linked to a sanctioned Russian bank, sponsored Token2049 in Singapore, raising compliance concerns as Bitcoin hits $125K amid ETF inflows. #Update #Crypto $BTC
The EU’s 19th sanctions package against Russia bans transactions with Russian banks, targeting military and energy sectors, potentially impacting cryptocurrency trading linked to Russia. #Update #Crypto $BTC
The U.S. Treasury’s OFAC has sanctioned individuals from North Korea, Russia, and China for funding missile programs via cryptocurrency fraud, freezing related assets. #Breaking #Legal $BTC
The European Union sanctions Russian crypto exchange @Garantex for laundering over $30 billion, linked to North Korean hackers and sanctioned Russian banks. #Breaking #Legal (-9) ↘
Bitcoin.com: Hungary threatens to block EU sanctions on Russia over €19 billion losses, accusing Brussels of failing energy security commitments, warns Prime Minister Viktor Orban. #Update #Legal #EU (-6) ↘
A new court ruling has reversed the sanctions on crypto mixer @TornadoCash by the U.S. government, causing a significant price rally for $TORN, which surged from $8.08 to $25.28 before stabilizing at $19.57. #Breaking #Legal $TORN (+9) ↗
The U.S. Fifth Circuit Court of Appeals lifted sanctions on @TornadoCash, ruling that the Office of Foreign Assets Control (OFAC) overstepped its authority, causing $TORN to surge 250% as markets reacted positively to the decision. #Breaking #Legal $TORN (+9) ↗
@Upbit, South Korea’s largest crypto exchange, faces scrutiny over alleged KYC violations, with a disciplinary hearing by the Financial Intelligence Unit scheduled for January 21 to assess compliance and potential sanctions. #Breaking #Legal (+8) ↘
