Category: cryptocurrency regulation

EU Bans All Russian Crypto Wallets and Payments in New Sanctions Package

October 8, 2022
Business & Marketscrypto-walletscryptocurrencycryptocurrency regulationdigital rubleeconomic policiesEuropeeuropean sanctions on russiafinancing russian warMarketsRussia-Ukraine WarTechTech NewsWorld
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Further tightening its financial sanctions against Russia for invading Ukraine, the European Union has announced a complete ban on crypto payments to Moscow. “The existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet (previously up to €10,000 was allowed),” the…

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SEC Charges 11 People in $300 Million Global Crypto Pyramid Fraud

August 2, 2022
Business & MarketsCrime and Incidentscrypto fraudCrypto Scamscryptocurrencycryptocurrency regulationMarketsSEC - U.S. Securities and Exchange CommissionUSUS News
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The U.S. Securities and Exchange Commission (SEC) has charged 11 individuals for creating a crypto pyramid and Ponzi scheme that raked in over $300 million from millions of global investors, including those from the United States. In January 2020, Mikhail Sergeev, Sergey Maslakov, and “Jane Doe,” also known as Lola Ferrari, launched the website Forsage.io,…

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