Tag: Sanctions

Crypto exchange Huobi Global said it will delist seven privacy tokens in the coming week, citing broader regulatory scrutiny of such tokens. The company claimed it is complying with regulations in different countries and regions. Privacy tokens lost 0.42% in 24 hours following the news. Spot and futures trading of the tokens was paused last…

British Financial Conduct Authority (FCA) stated cryptocurrency exchanges must play their part in ensuring sanctions are complied with. According to updated guidance from the Treasury’s Office of Financial Sanctions Implementation (OFSI), the agency ordered crypto exchanges to report sanction breaches in the UK. The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) has updated on…

According to the local news agency Tasnim, Iran is allowing businesses to use crypto for import transactions amid the country’s efforts to circumvent sanctions. The approval for crypto use in imports appears to be part of a broader policy regarding crypto regulations. The new Iran law is allowing the use of crypto in the processing…

Rune Christensen, a MakerDAO co-founder, has reached out to the community in light of recent conversations about decoupling its native token from USD Coin (USDC) amid the sanctioning of Tornado Cash to explain why free-floating DAI may be the only option for the decentralized autonomous organization (DAO). In his blog post titled “The Path of…

Following the US government banning the Ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Ltd. revealed on August 24 that the company would not “freeze Tornado Cash addresses.” The recent blog post about the subject says Tether is waiting for instructions from law enforcement. The stablecoin issuer has yet to receive a request…

Decentralized exchange Uniswap has blocked 253 crypto addresses, data leaked on GitHub revealed. It was the first time Uniswap has shared details on this matter, adding further information on its methodology. Over the four months of working with blockchain analytics firm TRM Labs, Uniswap has blocked 253 crypto addresses. It was the first time Uniswap…