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US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase

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Lightning Network: Cool Enough for Twitter Jack and Fidelity But Not Iran

On Feb. 22, bitcoiners rejoiced when the financial banking giant Fidelity was handed the ‘Lightning torch’ as the Lightning Network’s social experiment was passed on to its latest bearer. Then, two days later, the new Lightning torch holder made the decision to exclude passing it on to a cryptocurrency

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Tidbits: Kraken CEO Offers Help in Quadrigacx Case, Iranian Bitcoiner Learns Expensive Lesson

Tidbits is a roundup of talking points from across the cryptosphere. In this edition, Jesse Powell offers to help the Canadian police investigate the supposed death of Quadrigacx CEO Gerald Cotten and the subsequent movement of funds. Also, the r/btc community teaches Iranian redditor Cdaemon how to keep his

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Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

An idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation. Also

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Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again

In the past week or so, a number of publications, including cryptocurrency websites, but also “reputable” mainstream outlets, have given stage to a “Kremlin economist” with a bold prediction – Russia will invest billions in bitcoin to tackle U.S. sanctions, possibly triggering a new bull run as early as

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Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro

On Jan. 8, the World Trade Organization (WTO) published a dispute settlement request that was filed by the Bolivarian Republic of Venezuela with regards to executive orders and sanctions maintained by the United States that target Venezuela and the nation’s cryptocurrency, the petro. The document was filed with the

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Cryptocurrency Exchanges Eye Russia for Expansion Despite Sanctions

Sanctions imposed by governments as part of geopolitical struggles do not always filter through to under-regulated industries. Ambitious businesses covet every opportunity for expansion and diversification. That seems to be the reason why a growing number of crypto exchanges are turning their attention to Russia and its diaspora, despite

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Thousands of Banned Binance Customers Remain Cut off by the Exchange

Binance, the world’s second largest digital asset exchange by traded volume, has withdrawn its services from countries targeted by U.S. economic sanctions, in line with its controversial revised terms of use. However, the ban affects entire populations in countries such as Zimbabwe, where U.S. restrictions are supposed to specifically

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Bitcoin Primely Positioned as U.S. Foreign Policy Pushes Rivals to Ditch Dollar

As President Donald Trump presides over geopolitical shape-shifting as the poster boy of separatist politics, the most significant clapback yet may be loss of confidence in the U.S. dollar. The dollar has been politically weaponized in the service of American interests and now other global powerhouses are betting on

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Bill to Curb Iranian National Crypto Filed in US Congress

Draft legislation designed to hamper Iran’s efforts to create a sovereign cryptocurrency has been introduced in the U.S. Congress. The Blocking Iran Illicit Finance Act bans U.S. citizens and companies from all transactions and dealings in Iranian digital currency. The bill also introduces sanctions against foreign nationals and organizations

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