Articles for tag: compliance frameworks, cryptocurrency regulation, Garantex exchange, geopolitical conflicts, Houthis funding, terrorism financing, US Treasury sanctions

April 3, 2025

US Sanctions 8 Crypto Wallets Linked to Garantex Exchange and Yemeni Houthis: Impact on Cryptocurrency Landscape

The US Treasury Department has sanctioned eight cryptocurrency wallet addresses connected to the Russian exchange Garantex and the Yemeni group known as the Houthis. The Office of Foreign Assets Control found these addresses linked to organizations involved in geopolitical conflicts and terrorism financing. These wallets reportedly moved nearly $1 billion, primarily funding Houthi operations in ...

April 3, 2025

Market News

Crypto

US Sanctions Eight Crypto Wallets Linked to Garantex Exchange and Yemeni Houthis Amid Ongoing Financial Measures

The U.S. Treasury Department has imposed sanctions on eight cryptocurrency wallet addresses linked to Garantex, a Russian exchange, and the Houthi group in Yemen. These addresses are believed to have facilitated nearly $1 billion in transactions tied to sanctioned entities, primarily funding Houthi operations. Experts highlight that the inclusion of these wallets underlines the growing ...

April 3, 2025

Market News

Crypto

ISIS Laundering $25K Monthly via Crypto, US Officials Warn of Growing Digital Threat

A faction of ISIS is reportedly laundering around $25,000 each month using cryptocurrencies, as revealed by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). In a warning issued recently, FinCEN informed banks that ISIS is increasingly utilizing digital assets, like virtual currencies, to support its activities. The agency highlighted that ISIS and its affiliates are ...