U.S. Treasury secretary Janet Yellen has warned countries around the world are moving away from the U.S. dollar—as the spiraling $34 trillion U.S. debt pile fuels fears of collapse—with bitcoin and crypto slowly chipping away at dollar…
Latvia’s Financial Crime Investigation Service (FNTT) has imposed a record $10 million fine on the crypto payment service provider Payeer for breaching European Union sanctions on Russia.
According to an official statement from the…
Russia’s central bank has been encouraging alternative payment systems, including digital assets, as sanctions from Western nations continue to disrupt the country’s cross-border payments.The Bank of Russia recently held its Annual…
EU officials have directed financial firms to not provide services to Russia's military.Crypto service providers are banned from facilitating transactions linked to Russian war effort.The sanctions come as the industry faces an influx of…
USDT-issuer Tether says it will freeze addresses linked to sanctioned entities following a report that Venezuela’s state-run oil company was using the stablecoin to bypass sanctions.A spokesperson from Tether told Cointelegraph that the…