The Treasury says all US crypto exchanges should register with FinCEN as the industry faces pressure to align with Russian sanctions.

The post US Treasury urges crypto exchanges to register with FinCEN appeared first on Protos.

Today, Coinbase’s CFO Paul Grewal posted on the platform’s blog page announcing that Coinbase was already supporting the legal sanctions against Russia as a part of their goal to protect the integrity of all their transactions.

The post Coinbase clarifies they were already participating in Russian sanctions appeared first on CryptoSlate.

In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the air, and the international financial institution believes “economic consequences are already very serious.” IMF’s […]

The chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions. CEOs of Binance and Coinbase Say Crypto Not Useful at Evading Sanctions Since Russia began its invasion of Ukraine, governments worldwide have raised concerns that cryptocurrency could be used […]

As the first week of an already-tumultuous March draws to a close, let's take a look back at the news stories that dominated the worlds of forex, fintech, and crypto, in our best of the week segment.

G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group of […]

European markets are closing in on bear market territory in heavy selling at the end of the week as investors grow increasingly fearful of recessionary and escalation risks. The sell-off has gathered pace as the morning has progressed and I can’t expect the mood will improve as we head into another highly uncertain weekend. The […]

Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine, noting that the “implications for the U.S. economy are highly […]

South Korea, at least for now, is pushing forward with its planned launch of two satellites on Russian rockets this year. Still, it doesn’t rule out the possibility that the missions could be delayed due to sanctions imposed on Russia for invading Ukraine.

The post Russian sanctions throw South Korean satellite missions into uncertainty appeared first on SpaceNews.

Here is our pick of the 3 most important Stablecoin news stories during the week. Will the horrors of Ukraine speed up the transition of Crypto and Stablecoins from a niche to the future of money? In a horrific week, when we witnessed a full scale invasion of Ukraine and scenes many of us thought would […]

The post Stablecoin News for the week ending Wednesday 2nd March. appeared first on Daily Fintech.

Former presidential candidate Hillary Clinton has criticized the Biden administration and European governments for not pressuring cryptocurrency exchanges to end transactions with Russian users. She believes regulators “should look hard at how they can prevent the crypto markets from giving an escape hatch to Russia, both governmental and private transactions in and out of Russia.” […]

Key Takeaways:

• The initial wave of sanctions targeted Russian banks and the financial industry plus individual “inner circle” elites, with more sanctions likely to follow in the coming weeks as events unfold.
• Broad restrictions on debt and equity transactions with certain entities in the Russian financial, energy, and infrastructure sectors.
• Expanded export controls, including foreign-direct product rule restrictions, new license requirements, and Entity List designations impact a wide range of exports to Russia.…

More

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