The crypto industry is lobbying lawmakers against 2 bills aimed at preventing Russian oligarchs from using cryptocurrency to evade sanctions. crypto bitcoin $BTC
The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine.The Blockchain Association has been lobbying U.S. lawmakers against two bills designed to prevent Russian oligarchs from using cryptocurrency to evade sanctions imposed on them after Russia began its invasion of Ukraine, CNBC reported last week.
The bills give the Biden administration the authority to prohibit U.S. crypto exchanges from processing payments from Russia. They would also allow U.S. authorities to sanction foreign exchanges process transactions by sanctioned Russian people or companies. The group is trying to convince lawmakers that cryptocurrency is not being used by wealthy Russians to avoid sanctions.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Stories: Ethan Lou shares experience of crypto conference in North KoreaCrypto is worldwide, even in North Korea. Canadian journalist Ethan_Lou recounts his experience attending a cryptocurrency conference in the country.
Read more »
The Crypto Industry Wants to Go Green — But That's Easier Said Than DoneThe whole process behind cryptocurrency mining is underpinned by something known as “proof of work.” And it uses up an incredibly large amount of energy.
Read more »
The Wikimedia Foundation won't accept crypto donations anymore | EngadgetThe Wikimedia Foundation has confirmed that it will no longer accept Bitcoin or other forms of crypto..
Read more »
India Includes Crypto Businesses in New Rules for Cyber SecurityIndian crypto businesses will need to follow directions of the Indian Computer Emergency Response Team (CERT) on matters of cyber security, according to a government notification. By amitoj
Read more »
A Guide to Crypto For College Students | CoinMarketCapHow do I start a career in crypto? Do I need a blockchain degree to work for a crypto firm? We answer all those questions and more in our guide below.
Read more »
Crypto Mines Are Making Life a ‘Daily Hell’ in This Town“They have armed guards, like a private security force, and they have chased some of our protesters down the road. We’ve had to make formal complaints about their aggressive nature,' Cyndie Roberson told The Daily Beast
Read more »