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The US Financial Crimes Enforcement Network (FinCEN) calls for tight control of sanction evasion by using cryptocurrency

The cryptocurrency exchanges in the USA and worldwide joined actions by their governments in the sanction regime on Russian and Belorussian financial institutions and individuals. Earlier this month, the US Department of Treasury issued guidelines to...

Top Ukrainian official: Crypto donations to Ukraine spent on bulletproof vests and rations

Ukraine has been using donated cryptocurrencies to purchase military equipment and food, stated Deputy Minister of Digital Transformation Alex Bornyakov. A key reason that Ukraine has decided to receive cryptocurrencies is the speed with which transa...

U.S state of Colorado issued the Colorado Digital Token Act

The U.S state of Colorado introduced the digital token act which will permit the transactions of digital tokens. Digital token act define the term 'digital token' in the sense of blockchain technology. According to this legislation:A "digital token" ...

Cryptocurrency exchanges report on sanction compliance

Following the new regulation adopted by the US Department of the Treasury, cryptocurrency exchanges are blocking accounts and wallet addresses of individuals targeted by the US sanctions on Russia. The US-based cryptocurrency exchange Coinbase publis...

ECCB to issue world's first blockchain-based digital currency

The Eastern Caribbean Central Bank (ECCB) and the Barbados-based fintech company, Bitt Inc. (Bitt), have signed a contract to conduct a blockchain-issued Central Bank Digital Currency (CBDC) pilot within the Eastern Caribbean Currency Union (ECCU). T...

Ukraine received US$33 million in cryptocurrency donations, announces NFTs to support Ukrainian Army

The official Twitter account of the Ukrainian government announced earlier that they would start accepting donations in cryptocurrency. A special fund was created to accept the bitcoin, ethereum, sol, and dot cryptocurrencies. During the first 4 days...

Ukraine asked major cryptocurrency exchanges to block all users from Russia. Exchanges decline the request

On 27 February 27, the Ukrainian government asked major cryptocurrency exchanges to freeze all accounts of users in Russia and Belarus. The request from the Ukrainian Ministry of Digital Transformation also asked exchanges to stop trading any ruble-r...

Facebook step closer to create its own cryptocurrency

By the new reportfrom the New York Times, companies FaceBook andTelegram,are step closer to the launching of its own cryptocurrency that will be used on Telegram, Facebook and his related service WhatsApp chat platform. Facebook is hoping to bring in...

The IMF is in favor of regulating the cryptoassets but also leaving the mechanism for ban if needed

The US Department of the Treasury requires from cryptocurrency exchanges to firmly control sanctions imposed to Russia

The US Department of the Treasury issued a regulation which addresses how US businesses should comply with sanctions imposed to top Russian officials and business people. The Treasury warns the US citizens not to be involved in "transactions or ...

Crypto exchange Binance blocks Russian users targeted by sanctions

Crypto exchange Binance is blocking accounts of Russian clients targeted by sanctions. Ukrainian Vice Prime Minister Mykhailo Fedorov asked all major crypto exchanges to block the addresses of Russian users on his Twitter account, stating that: 'It's...

China postpones digital currency plans due to Coronavirus

The People's Bank of China postponed the development of a digital currency (DCEP) as a result of the coronavirus. The news was confirmed by the CEO of BankLedger, a company that claims to be involved in the development of DCEP. The DCEP is the virtua...