OFAC

US Sanctions Russian Darknet Marketplace Hydra

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russia-based darknet market Hydra, following Germany’s seizure of $25 million worth of bitcoin (BTC) fro...

By CoinDesk Staff

Apr 6, 2022 at 6:55 p.m. UTC

Apr 6, 2022

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Treasury Department (Samuel Corum/Bloomberg via Getty Images)

Policy

Ofac

US Sanctions Russia’s Hydra Darknet, Adds Over 100 Bitcoin Wallets to OFAC List

The move came alongside action by Germany, which earlier on Tuesday announced the shutdown of Hydra Market and seizure of $25 million in bitcoin.

By Michael Bellusci

Apr 5, 2022 at 7:03 p.m. UTC

Apr 5, 2022

OFACTreasurydarknetHydra

OFAC and FinCEN Lacking Resources for Crypto Regulation

Video

Federal reserve

OFAC and FinCEN Lacking Resources for Crypto Regulation

CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how OFAC and FinCEN budget concerns impact regulators’ ability to have cohesive oversight of t...

By CoinDesk Staff

Mar 24, 2022 at 3:57 p.m. UTC

Mar 24, 2022

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U.S. Senator Elizabeth Warren (Win McNamee/Getty Images)

Policy

Regulations

The Unnoticed OFAC Budget Ask in Last Week's Crypto Congressional Hearing

Whether FinCEN and OFAC have the resources they need to enforce anti-money laundering rules seems very under-discussed.

By Nikhilesh De

Mar 22, 2022 at 5:08 p.m. UTC

Mar 22, 2022

RegulationsNewslettersState of CryptoOFACElizabeth WarrenFinCEN

A sign displays forex rates to the ruble at an exchange bureau in Moscow on Monday. (Getty Images)

Opinion

Bitcoin

Bitcoiners Were Right: Weaponized Finance Just Created a Post-Dollar Planet

A wave of sanctions hitting Russia highlights the complex web of connections that make up contemporary global society – and its ultimate fragility.

By David Z. Morris

Mar 2, 2022 at 7:10 p.m. UTC

Mar 2, 2022

BitcoinRussiaSanctionsUkraineSWIFTBankingBanking RegulationOFAC

Money exchanger in Ukraine (Ethan Swope/Bloomberg via Getty Images)

Policy

Regulations

US Treasury Department Formally Adds Crypto Rules to Russian Sanctions Guidance

U.S. officials also hope crypto exchanges will block sanctioned individuals regardless of where they're headquartered.

By Nikhilesh De

Feb 28, 2022 at 8:26 p.m. UTC

Feb 28, 2022

RegulationsUkraineRussiaSanctionsOFACTreasury Department

Antiwar protest against Russia's invasion of Ukraine. (Omar Havana/Getty Images)

Policy

Regulations

US Sanctions Russian President Vladimir Putin

The EU, Canada and UK have also added Putin to their sanctions lists.

By Nikhilesh De

Feb 25, 2022 at 11:51 p.m. UTC

Feb 25, 2022

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Smoke rises from outside an intelligence building on Feb. 24, 2022 in Kyiv, Ukraine. (Chris McGrath/Getty Images)

Policy

Regulations

No, Crypto Won't 'Fix This' for Russia

Cryptocurrency is an unlikely workaround for expanded U.S. sanctions against Putin's government following the Ukraine Invasion, according to legal and blockchain experts.

By Nikhilesh De

Feb 24, 2022 at 6:20 p.m. UTC

Feb 24, 2022

RegulationsOFACVladimir PutinRussiaUkraineSanctions