Tag: Sanctions

North Korea may Have to Forfeit 113 Cryptocurrency Accounts

The involvement of North Korea in cryptocurrency has always been subject to speculation. A new report seems to indicate that the US wants to gain control of all digital assets tied to this country. Various countries around the world are subject to sanctions. The Role of North Korea in Bitcoin These sanctions are imposed for a wide variety of reasons, including financial wrongdoings or other crimes. In the case of …
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Iranian General Prefers Using Bitcoin to Bypass US Sanctions

Using cryptocurrencies is often associated with dubious and illegal activities. In Iran, one general advocates for using Bitcoin, as it helps evade government sanctions. It is uncanny how the public perception of cryptocurrencies continues to shift. Bypassing Sanctions With Bitcoin Advocating the use of Bitcoin and altcoins to evade government sanctions may be a bridge too far. Iranian general Saeed Muhammed is convinced that this is the right path to …
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Bittrex Bars Users Residing in 5 Countries Under US Embargo

The Bittrex exchange is heading in a rather interesting direction. While the company is looking to make a positive impact, its updated terms of service will undoubtedly raise a lot of questions. More specifically, prohibiting customers in sanction-ridden countries from using this platform sets a dangerous precedent. Bittrex Makes Another Interesting Change In the past year or so, things have evolved in an interesting direction for the Bittrex exchange. More specifically, the …
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Ukrainian Firm Looks at Bitcoin to Bypass Sanctions

There are many reasons why companies should or could accept Bitcoin payments. One would be to attract more customers from around the globe, or even to reduce overhead costs. For Ukrainian shipping company Varamar Ltd., the main reason is very different. This company is using Bitcoin as a way of avoiding sanctions. It is an interesting approach, though one that may lead to some repercussions down the line. Bitcoin can Save Businesses in Various …
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