Invasion of Ukraine

Binance Charity joins forces with Children of Heroes to provide aid and psychological rehabilitation to children affected by the continuing conflict in Ukraine. The goal of the program is to provide a welcoming space where these kids may heal from their trauma. The camp will provide a one-of-a-kind combination of services and programs with an emphasis on mental health, adventure, community building, and emotional healing.

Binance Charity partners with Children of Heroes Foundation to run a therapeutic camp for war-affected Ukrainian children. Camp will run a 12-day therapeutic camp named I Am da Vinci to aid children who have tragically lost their parents in the ongoing conflict. Camp aims to foster a safe, friendly environment to help children overcome their trauma.

U.S. Treasury Department takes aim at 13 Russian Firms for Alleged Crypto-related Sanction Evasion. U.N. Treasury has taken action against several entities and individuals believed to have provided cryptocurrency products and services that facilitated the evasion of sanctions on Russia. One of the designated entities is B-Crypto, a fintech firm based in Moscow, allegedly collaborating with Rosbank to enable Russian exporters to conduct cross-border payments using cryptocurrency assets.

US Sanctions Russian Crypto Entities Following Potential Sanctions Evasions US sanctions russian crypto entities over evasion concerns. U.S. Sanctions 13 Russian Crypto Companies, Two Individuals, for helping build or operate blockchain-based services facilitating potential sanctions evasion on behalf of Russian nationals. Two of the sanctioned companies facilitated transactions for several Russian militia and propaganda groups, including OFAC-designated MOO Veche.

OFAC Slaps Sanctions on 13 entities and 2 Individuals linked to Russia. OFAC is targeting entities in Russia that help others evade sanctions imposed by the US. Ofac claims these individuals and entities played a crucial role in facilitating transactions or providing services aimed at aiding other designated entities in circumventing sanctions. Five entities have been designated for association with individuals previously designated by OFAC.

US Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities and two individuals. They are accused of developing crypto-related services that could facilitate sanctions evasion on behalf of Russian nationals. OFACs designations aim to curb Russias use of the global financial system in conflict with Ukraine.

Authorities in the U.S. and UK are investigating $20 billion worth of USD-pegged stablecoin tether ( USDT +0.20% ) passing through a sanctioned Russian exchange, Bloomberg reports. The investigation centers around USDT passing through the Moscow-based exchange Garantex. Source: It's too early to foresee conclusions or that Tether's parent company committed any wrongdoing.

OFAC sanctions 13 entities for aiding Russian sanctions evasion via crypto. Most of the sanctioned entities and individuals are based in Russia. OFAC noted that Netex24 and Bitpapa have a history of transacting with OFAC-sanctioned banks, crypto exchanges and darknet markets by using crypto.

OFAC broadens sanctions on Russian financial and tech sectors, targeting 13 entities and two individuals linked to virtual assets. Five of these entities are linked to individuals previously sanctioned by OFAC. The aim is to cut off Russias access to vital financial infrastructure, thereby hindering its military actions against Ukraine. In Russia, the dialogue around using cryptocurrencies for transactions is gaining momentum.

US Treasury Department has sanctioned 13 business entities and two individuals for Russian operations which involve aiding sanction evasion through the use of digital assets. The move comes as the United States seeks to target Russian financial companies with sanctions to prevent more funds in its war against Ukraine. The listed entities include Joint Stock Company B Crypto, Masterchain, Laitkhaus, Atomaiz, Token Trust Holdings, TOEP, etc.