Sanctions News

Tornado Cash is designed to make transactions private, but allegations of money laundering led to US sanctions, though they were lifted in March 2025.

The Karen National Army joins a long list of organizations sanctioned by the agency, including terrorist groups and cybercrime units.

The US Treasury Department’s actions against Tornado Cash were unlawful, and it can’t sanction the crypto mixer again, a Texas federal court judge has ruled.

US officials sanctioned eight crypto wallet addresses tied to Russian exchange Garantex and the Yemeni Houthi movement after blockchain forensics linked nearly $1 billion in funds to Houthi operations.

A US-led tariff war, preexisting economic sanctions, and global Bitcoin and stablecoin adoption could play a role in some countries’ attempts to dedollarize.

Russian oil firms are using Bitcoin and USDt for trade with China and India despite global sanctions, according to Reuters.

Crypto exchange Garantex halted trading and withdrawals after Tether froze about $27 million of its stablecoin USDT tied to the platform.

A THORChain dev has backed out and a validator is threatening to follow as North Korean hackers have reportedly sent $605 million worth of crypto through the protocol.

A Chainalysis report has revealed that US-sanctioned jurisdictions, including Iran and Russia, moved $15.8 billion in crypto in 2024, with mixing services aiding evasion.

The sanctioned agents were allegedly generating funds for North Korea’s nuclear weapons development program.

Tornado Cash co-founder Roman Storm has petitioned a judge to drop criminal charges against him after an appeals court found the Treasury unlawfully sanctioned the crypto mixer.

The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions. 

Economic sanctions have a profound effect on international financial architecture, it turns out.

Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

A spokesperson confirmed that Binance continues to serve a “limited number of existing Russian users” a year after announcing its full exit from Russia.