Latvia Authorities Hit Crypto Service Payeer with $10m Fine for Russia Sanctions Violations

Latvia Authorities Hit Crypto Service Payeer with $10m Fine for Russia Sanctions Violations

Latvia’s financial crimes unit has fined the crypto pay service provider Payeer a “record” $10 million for violating EU sanctions on Russia. The post...

Maduro critics say Venezuelan president will use crypto to evade sanctions

Maduro critics say Venezuelan president will use crypto to evade sanctions

Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto tra...

US Lawmaker Proposes Stricter Digital Asset Regulations to Enforce Russian Sanctions

US Lawmaker Proposes Stricter Digital Asset Regulations to Enforce Russian Sanctions

U.S. Congressman Brad Sherman has proposed an amendment designed to enhance the enforcement of sanctions on Russian digital assets. The amendment allo...

Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent

Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent

Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries...

Venezuela’s Oil Exports Turn to Cryptocurrency to Dodge Sanctions

Venezuela’s Oil Exports Turn to Cryptocurrency to Dodge Sanctions

As a response to the renewed U.S. sanctions, Venezuela has intensified the use of digital currencies in oil transactions. PDVSA, the state oil company...

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