Read crypto legal news on court cases, enforcement actions, lawsuits, and legal disputes affecting digital asset markets.
A group of senators is introducing a bipartisan bill to prevent Russia from selling its gold reserves. Meanwhile, the U.S. may ban Russian oil imports, without participation of its European allies.
A study by Chainalysis has revealed that crypto-related crimes hit their all time high. As a response, the FBI created the "Crypto Task Force" to combat illicit activities within the crypto space.
Coinbase reveals that they have been blocking sanctioned individuals and entities since their inception.
Switzerland and Singapore join in the crypto sanctions against Russia as a result of Ukraine invasion, further isolating Russia from the crypto market. Meanwhile, Japan also announces that they are considering crypto sanctions.
United Kingdom’s FCA received over 16,000 inquiries about possible scams between April to September last year. The watchdog received more than 16,400 inquiries about possible scams between April to September last year. Crypto scams were the majority of these. This led it to investigate potential crypto scam businesses, opening 300 cases.
Russian oligarchs are having their properties seized from them due to the sanctions imposed on the country.
Can the Russian regime and elite use crypto to evade sanctions? This is a heated debate among people in crypto, the media and some politicians. The answer according to crypto lawyer Jake Chervinsky is no.
Further investigations show a Proof-of-Work mining ban was never on the agenda, much to the satisfaction of Bitcoin advocates.
As Western countries have agreed on imposing restrictions cutting off Russian banks from the SWIFT global payment system, affected Russian banks are “picked carefully” to minimize potential energy crises.
