The United States has expanded its sanctions list of Moscow-linked companies that trade in cryptocurrencies
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The US Treasury Department on Monday expanded the sanctions list to include 11 companies and two individuals associated with cryptocurrency trading. Earlier journalistic investigations indicated that with the help of cryptocurrencies, Russia circumvents the international sanctions imposed on it.
The list of the Ministry of Finance included the Russian service B-crypto, which is used to pay for the services of foreign suppliers in Russian rubles through cryptocurrencies, blockchain platforms “Masterchain”, Atomyze and Web3 Tech (formerly Waves), cryptocurrency exchanges Netexchange, Bitfingroup and Bitpapa, the Awex exchange, fintech- company “Lighthouse”.
The Russian national system of remote electronic voting, the blockchain platform of the Federal Tax Service and the fintech services of the under-sanctioned Alfa Bank are based on Web3 Tech solutions.
Among the individuals on the list were Web3 Tech creator Igor Kaigorodov and Netexchange and Bitfingroup creator Timur Bukanov.
Among the companies not related to cryptocurrencies, the “Echelon” group of companies and its “Laboratory of Cybersecurity” were included in the sanction list. They work in the information security market, developing software to protect against hacker attacks and their implementation, and implementing this software in the market.
The news is updated
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