OFAC Targets Kyrgyz Crypto Firms Over Russian Stablecoin Activity

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US Cabinet The Foreign Assets Control Office has added many of Kyrgyzstan -based companies to its sanctions list about its participation with the Robled Stablecooin called A7A5. The authorities accuse companies, including A7 LLC, the old vector, and subsidiaries like A7 agent, to help Russia avoid economic restrictions related to its war in Ukraine. These … Read more

Russian Crypto Mining Registrations Surge Tenfold

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Russia has just gone on the monster on bitcoin encryption mining. In just six months, the registered mining companies have risen from 91 to more than 1000. This explosive growth follows new regulations for using energy that extensively forcing operations to close or risk. It is not just a makeup story, and it is Russia’s … Read more

India Arrests US DoJ Indicted Russian Crypto Exchange Garantex Administrator

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The Indian authorities arrested the founder of the Russian cryptocurrency exchange, Aleksej Besciokov, in the South Indian state of Kerala. Besciokov has been arrested Facilitating money laundering by through national criminal organizations, including terrorist organizations and penalties. “Since April 2019, GARANTEX has processed at least $ 96 billion in cryptocurrencies,” said the United States SECRET … Read more

Russia’s Secret Service Just Seized a Russian Crypto Exchange: Hyperbitcoinization Race is On?

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Guarantax, the exchange of Russian cryptocurrencies with alleged ties with shady banks and criminal networks, has disappeared: its website pulled offline by the Russian secret service in coordination with the global application. This demolition, years in preparation, was not thin. US and European regulators turn around for centuries, using Guarantex as a child poster for … Read more

Bulletproof No More? Russian Zservers Sanctioned For Alleged LockBit Crypto Crimes

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International authorities increase their efforts to stop groups and people with the LockBit ransomware in order to target unsuspecting users. The youngest was the procedure against the Zservers based in Russia, a bulletproof hosting provider that allegedly had connections to the attract bitbit cryptocurrency ransomware group. In a media declaration, the Australian Federal Police (AFP) … Read more

Russian State Duma Deputy Proposes Strategic Bitcoin Reserve

Russian State Duma Deputy Proposes Strategic Bitcoin Reserve

Follow Nikolaus on 𝕏 Here for daily posts Today, Russian national news agency RIA Novosti reported that State Duma deputy Anton Tkachev proposed creating a strategic bitcoin reserve for Russia, claiming to have obtained a copy of the document. Tkachev, of the New People party, sent the proposal to Russian Finance Minister Anton Siluanov to … Read more