Some crypto miners are looking to Iran for its low-cost power – but the path to setting up shop in the country is anything but simple. This article is originally…
Continue ReadingAn Iranian bitcoin trader added to the U.S. Treasury’s OFAC sanctions list last week claims he’s been wrongfully blacklisted. This article is originally written and posted on https://www.coindesk.com/iranian-bitcoin-trader-on-us-sanctions-blacklist-says-hes-innocent. Visit https://www.coindesk.com/ today…
Continue ReadingRecent OFAC actions are just the first step in crypto sanctions enforcement, write attorneys Beau Barnes and Jake Chervinsky. This article is originally written and posted on https://www.coindesk.com/get-ready-for-crypto-sanctions-enforcement. Visit https://www.coindesk.com/ today…
Continue ReadingIranian Bitcoin Users Are Already Being Affected By New US Sanctions On Wednesday, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced that two bitcoin addresses tied to…
Continue ReadingNew sanctions from the US government are driving Iranian bitcoin users to pursue more secure and private wallet solutions. This article is originally written and posted on https://www.coindesk.com/iran-bitcoin-sanctions-wallets-ofac-crypto. Visit https://www.coindesk.com/ today…
Continue ReadingFor the first time, the U.S. Treasury Department is adding crypto addresses to its list of Specially Designated Nationals. This article is originally written and posted on https://www.coindesk.com/us-regulators-tie-two-bitcoin-addresses-to-iranian-ransomware-plot. Visit https://www.coindesk.com/ today…
Continue ReadingConcerns are growing surrounding Iran’s use of cryptocurrencies like Bitcoin and Monero – and soon, their own native cryptocurrency – to evade economic sanctions put in place by the U.S.,…
Continue ReadingNorth Korea is reportedly ramping up the use of cryptocurrencies to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further…
Continue ReadingRogue state Iran has reportedly announced details about its plans to launch and support its own national cryptocurrency, in an attempt to evade sanctions imposed by the Trump administration. Iran…
Continue ReadingA Korean organization announced yesterday that researchers discovered that North Korea tried to mine cryptocurrency last year. A research unit of South Korea’s state-run Korea Development Bank (KDB) disclosed their…
Continue ReadingVenezuela is facing hyperinflation and international sanctions that have brought the economy and its people to their knees. In response, President Nicolás Maduro recently mandated that his Petro crypto will become the…
Continue ReadingTurkey’s economic crisis looks to have boosted bitcoin’s appeal as a safe-haven asset, pushing it to seven-month highs against the lira. This article is originally written and posted on https://www.coindesk.com/bitcoin-price-hits-7-month-high-against-turkish-lira/. …
Continue ReadingIran may soon issue its own cryptocurrency in a move aimed to bypass economic sanctions enacted by U.S. President Donald Trump. This article is originally written and posted on https://www.coindesk.com/iran-plans-national-cryptocurrency-as-new-us-sanctions-loom/. …
Continue ReadingAn Iranian parliament member has suggested that digital currencies be used in attempts to work around returning economic sanctions from the United States. Iran and Digital Currencies The idea was…
Continue ReadingIran Is Moving Ahead With Local Cryptocurrency Development Despite Crypto Ban Despite last weeks ban on the cryptocurrency market by central banking authorities, Iran is still moving ahead with plans…
Continue ReadingDespite last weeks ban on the cryptocurrency market by central banking authorities, Iran is still moving ahead with plans to develop an experimental local coin, according to a government minister.…
Continue ReadingThe everyday crypto user in the future is likely to spend time identifying illicit wallets and transactions to avoid, thanks to the U.S. Treasury. This article is originally written and…
Continue ReadingIn February, Venezuelan President Nicolas Maduro announced the release of the Petro, a controversial digital currency backed by the country’s oil reserves. This week, according to Venezuela’s Official Gazette, it…
Continue ReadingCrypto enthusiasts around the world should send a strong signal to President Maduro that blockchain technology will not be used to support corruption. This article is originally written and posted…
Continue ReadingWith just one paragraph, an agency of the U.S. government may have just radically altered the dynamics of the cryptocurrency ecosystem. This article is originally written and posted on https://www.coindesk.com/goodbye-fungibility-ofacs-bitcoin-blacklist-remake-crypto/. …
Continue ReadingThe Treasury Department may start publishing wallet addresses along with the names of people and organizations with whom it forbids doing business. This article is originally written and posted on…
Continue ReadingThe US Treasury Department has announced it may start adding the cryptocurrency addresses of blacklisted persons to their list of sanctions as reported in the Wall Street Journal. Treasury to…
Continue ReadingIn the latest move by the U.S. government to restrict the Maduro regime’s access to capital, President Donald Trump has issued an executive order banning any transactions within the U.S.…
Continue ReadingNorth Korea seemingly wants to bypass the sanctions imposed upon the nation by the US government. Doing so will require a very creative approach. So far, it seems the country’s…
Continue ReadingMarc Hochstein is the managing editor of CoinDesk. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. If Venezuela’s oil-backed cryptocurrency succeeds – and…
Continue ReadingBank of America has cited cryptocurrency as a material risk to its business, public records show. The technology could hamper the second-largest U.S. bank’s ability to comply with anti-money-laundering regulations,…
Continue ReadingWhile not many things are clear about Venezuela’s new state-backed cryptocurrency, the petro, what is apparent is that many think it’s potentially harmful for the country’s people. Hard and fast details…
Continue ReadingLate last year, it was reported that the Iranian government was interested in utilizing Bitcoin and other cryptocurrencies as a way of bypassing economic sanctions levied against the country. But the…
Continue ReadingThe government of Venezuela published several guides Tuesday in support of the presale for its “petro” cryptocurrency. Announcing the oil-backed token as a form of legal tender that can be…
Continue ReadingBrian J. Fleming is a member of the law firm of Miller & Chevalier in Washington, D.C. With governments around the globe cracking down on all aspects of the cryptocurrency…
Continue Reading