US Gov’t Sanctions First Bitcoin Addresses

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has taken action against two Iranian ransomware “facilitators.” The actions include publishing the perp’s cryptocurrency wallet addresses, and warning the cryptocurrency and financial communities that anyone transacting with the accused could be subject to secondary sanctions. Involvement in the SamSam Ransomware Attacks The OFAC stated that the […]

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Russia and Iran May Use Cryptocurrencies to Bypass International Sanctions

Ashour Iesho · May 21, 2018 · 7:00 pm Politicians in Iran and Russia are discussing the possibility of using digital currencies to bypass sanctions.  Cryptocurrencies: A Tool for Bypassing Sanctions Decentralization is one of the biggest advantages of cryptocurrencies. Unlike traditional fiat currencies, cryptocurrency transactions cannot be stopped by a central party or authority. […]

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