The bill, as currently drafted, has the power to stop sanctions evasion at scale, argues Ari Redbord, global head of policy at …
Evasion
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Regulation
Government Stablecoin Payments Would Fuel ‘Tax Evasion Economy,’ Lawmaker Warns
by shayaanby shayaanIn brief Rep. Brad Sherman said allowing government payments in stablecoins would “sanctify an alternative to the U.S. dollar” built to “facilitate …
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Smart Contracts
Banking Industry Says Clarity Act Stablecoin Proposal Would Enable ‘Evasion’
by shayaanby shayaanIn short Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yields. The compromise would ban direct returns …
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Markets
International finance watchdog warns stablecoins are increasingly used in sanctions evasion and money laundering
by shayaanby shayaanIn its latest report, the global standard setter FATF said stablecoins now account for the bulk of illicit crypto activity and pose …
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Markets
Elliptic flags Russia-linked crypto platforms’ ongoing sanctions evasion
by shayaanby shayaanBitpapa, Garantex and ABCeX were among the cryptocurrency exchanges linked to Russian-tied transactions circumventing Western evasions. www.coindesk.com
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Regulation
India To Share Cross-Border Crypto Data From April 2027 to Curb Tax Evasion
by shayaanby shayaanIndia will start sharing and receiving cross-border crypto transactions in April 2027. The country will align its crypto regulations with the global …
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Regulation
U.S. Treasury Sanctions UK Crypto Exchanges Over Alleged Iran Sanctions Evasion
by shayaanby shayaanU.S. Treasury sanctions two UK crypto exchanges accused of helping Iran bypass sanctions, signaling a major escalation in global crypto enforcement. OFAC’s …
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Regulation
Central Bank of Brazil Links Stablecoin Growth to Tax Evasion and Money Laundering
by shayaanby shayaanThe new president of the Central Bank of Brazil has linked the rapid growth of stablecoins with tax evasion and money laundering. …
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Regulation
Early Bitcoin Adopter Roger Ver Asks President Trump To Save Him From Extradition After Tax Evasion Charges
by shayaanby shayaanBitcoin Cash (BCH) pioneer and early crypto adopter Roger Ver is pleading with President Donald Trump for a pardon. Ver posted a …
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Roger Ver, a leading cryptocurrency advocate and early Bitcoin investor, has urged a US court to dismiss tax evasion charges filed against …