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Regulation
Russian banks may begin issuing credit cards with China’s UnionPay after Visa and Mastercard announced the suspension of their Russian operations due to the invasion of Ukraine, according to media reports citing the Russian central bank. See related article: Four more South Korean crypto exchanges block Russian IPs Fast facts Russian banks are also leaning […]
Lachlan Keller
Regulation
The Monetary Authority of Singapore (MAS) has prohibited transactions involving digital assets such as cryptocurrencies and non-fungible tokens (NFTs) in its sanctions against Russian banks and entities, the central bank said in a statement. See related article: USDT-RUB volume outpaces Bitcoin pair as Russia sanctions pile Fast facts Following Russia’s invasion of Ukraine, MAS will […]
Pradipta Mukherjee
Regulation
OpenSea users based in Iran claim their accounts have been suspended from the U.S.-based non-fungible token (NFT) marketplace, in a growing list of users experiencing restrictions from cryptocurrency-related service providers due to sanctions against the Iranian government, CoinDesk reported. Fast facts See related article: Binance may join sanctions imposed on Russian targets Many OpenSea users […]
Pradipta Mukherjee
Regulation
Upbit, Bithumb, Coinone, and Korbit announced restrictions to block Russian IP addresses on Thursday, bringing the total to five in the nation. See related article: S.Korean crypto exchange freezes around 20 Russian accounts Fast facts Gopax was the first crypto exchange in South Korea to publicize the restriction, citing efforts to align with Western sanctions […]
Danny Park
Regulation
Australia estimates at least three million Aussies, or 11% of its people, own some form of crypto asset, according to a government-backed report published on Wednesday. See related article: Australia announces biggest overhaul to payments in 25 years — eyes now set on crypto Fast facts Crypto has been on Australia’s radar, with the Senate […]
Lachlan Keller
Regulation
War-mongering Russia is finding itself increasingly isolated. What if the rogue state tries to regain its financial footing via cryptocurrency?
Michael B. Greenwald
Regulation
South Korean cryptocurrency exchange Gopax announced on Wednesday that it has frozen and blocked Russian accounts and IP addresses from its platform. See related article: Russian ruble plunges; Ukraine DAO aids civilians Fast facts According to local media, the exchange has blocked around 20 accounts belonging to Russian users. Gopax said its restrictions align with […]
Danny Park
Regulation
Hong Kong-based Animoca Brands has shuttered its services to Russian users saying it is relying on legal advice that equates Western sanctions against Russian entities to the blanket sanctions against North Korea, Bloomberg reported on Wednesday. See related article: Binance may join sanctions imposed on Russian targets Fast facts “The legal advice we’ve been receiving […]
Monika Ghosh
Regulation
The European parliament has scrapped wording from proposed legislation that would have banned cryptocurrencies that rely on the proof-of-work (PoW) consensus mechanism, like Bitcoin. See related article: How serious is the threat of Bitcoin mining to the environment? Fast facts The European Parliament member in charge of spearheading the bill known as the Markets in […]
Lachlan Keller
Regulation
The U.S. is asking crypto exchanges around the world to prevent Russia from skirting sanctions imposed after it invaded Ukraine last week, Bloomberg reported. See related article: Binance may join sanctions imposed on Russian targets Fast facts The Biden administration is concerned that cryptocurrencies can be used to evade heavily regulated traditional financial systems. The […]
Jeanhee Kim
