Iran Is Using Bitcoin Mining to Circumvent Sanctions, According to Elliptic

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn

Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders

The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. Traders will bear full responsibility for the risks, the bank cautioned, although spending crypto on imports through approved banks and exchanges remains […]

Marathon Mines First OFAC Compliant Bitcoin Block

Marathon, one of the biggest bitcoin mining dedicated companies in the U.S. and Canada, has mined the first OFAC compliant bitcoin block, only accepting transactions that comply with the directives of this government office. This has caused a stir in libertarian circles, that argue this can be the start of censorship in the bitcoin blockchain […]

Venezuelan Minimum Wage Reaches $3 as More Venezuelans Take Refuge in Cryptocurrencies

The president of Venezuela, Nicolas Maduro, approved a minimum wage raise increase last week that took it to three dollars monthly, a very low income for the citizens of the country that are facing a strong economic crisis since 2013. However, the crypto environment has been growing, and now Venezuelans are flocking to exchanges like […]

Shark Tank’s Kevin O’Leary Will Only Buy ‘Clean’ Bitcoins — Says Institutions Will Not Buy ‘Blood Coins’ From China

Kevin O’Leary, aka Mr. Wonderful, says he will only buy “clean†bitcoins that are mined sustainably in countries that use clean energy. He says institutional investors are concerned about where bitcoins are mined and will not buy “blood coins†from China. Clean Bitcoins vs. ‘Blood Coins’ Shark Tank star Kevin O’Leary talked about an emerging […]

Federal Court Rejects Motion Filed by Crypto Developer Virgil Griffith to Dismiss Charges on Aiding North Korea

A U.S. federal judge has rejected a motion filed by a former Ethereum Foundation developer over allegations of assisting North Korea to bypass sanctions. Prosecutors claim, Virgil Griffith, aided the regime by providing critical information on cryptocurrencies. Prosecutors Say Griffith’s Speech Was About the Use of Cryptos to Circumvent Sanctions Per Law360, a jury is […]

BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations†of multiple sanctions programs. Because of deficiencies related to the company’s compliance procedures, BitGo failed to prevent persons in the Crimea region of Ukraine, Cuba, Iran, Sudan and Syria from using its non-custodial wallet service, […]

Ethereum Developer Virgil Griffith Will Likely Face Trial Next September

The U.S. government intends to argue that Ethereum developer Virgil Griffith helped North Koreans better understand how crypto could be used to bypass financial sanctions on the nation. Griffith, who was arrested in November 2019 on charges of conspiracy to assist North Korea (DPRK) in using cryptocurrency for its own benefit, is seeking to have […]