Sanctions


Opinion

Tether’s Tornado Cash Noncompliance Is Less Brave Than You Think

The world’s largest stablecoin issuer won't freeze tainted addresses, for now.

1989 Tiananmen Square protest. (Creative Commons, modified by CoinDesk)

Finance

Sanctioned Bitcoin Mining Firm BitRiver Loses Another Client as SBI Leaves: Sources

The Japanese bank is at least the second big name to emerge as ceasing work with BitRiver after the U.S. Treasury Department imposed sanctions on the Russian firm in April.

A BitRiver mining facility in Siberia. (Anna Baydakova/CoinDesk)

Policy

Afghan Authorities Shut Down 16 Crypto Exchanges in One Week: Report

Police reportedly closed the exchanges and arrested their staff after Afghanistan's central bank stated that digital currency trading should be stopped, citing problems and scams.

Police forces in the Herat province of Afghanistan have reportedly shut down 16 crypto exchanges and arrested staff. (Johannes Krey/EyeEm/Getty Images)

Finance

Tether Sticks to Decision Not to Bar Tornado Cash Addresses

The stablecoin issuer sees a freeze of secondary Tornado Cash addresses as premature, and awaits more clarity from U.S. authorities.

No one knows exactly what the fallout from the Tornado Cash sanctions will look like. (Antonio Masiello/Getty Images)

Policy

US Lawmaker Emmer Asks Treasury Department to Explain Tornado Cash Sanctions

Treasury's sanctions watchdog sanctioned Tornado Cash earlier this month on allegations it helped North Korea's Lazarus Group launder millions of stolen crypto funds.

Congressman Tom Emmer (house.gov)

Finance

Can Ethereum Fight Back Against the US’ Sweeping Censorship Attempt?

In a world where Ethereum users don’t want to be censored, there may be a way to push back.

Ethereum Community vs. Financial Censorship (K. Mitch Hodge/Unsplash)

Finance

Coinbase CEO Suggests Exchange Won't Censor Transactions on Ethereum

Brian Armstrong expressed his preference not to censor transactions to and from sanctioned addresses after the blockchain's transition to proof-of-stake.

Coinbase CEO Brian Armstrong (CoinDesk)

Opinion

The Downside of Sanctioning Tornado Cash

OFAC’s blacklisting of an Ethereum smart contract stands to compromise innocent users’ privacy while doing little to stop bad actors.

It's not the tornado that's the villain in "The Wizard of Oz," it's the witches. Similarly, Tornado Cash is different than the bad actors who may have used it. (W. W. Denslow /University of Virginia Library).

Policy

Tornado Cash Sanctions Are Spiraling Into Compliance Nightmares

The crypto mixer’s sanctions issue raises many questions.

No one knows exactly what the fallout from the Tornado Cash sanctions will look like. (Antonio Masiello/Getty Images)