"US Targets Crypto Firms Aiding Russia Sanctions Evasion"

The US government is trying to close gaps in its sanctions program against Russia by going after blockchain and virtual currency firms, which it says have helped entities circumvent existing controls.  The action taken yesterday by the Treasury’s Office of Foreign Assets Control (OFAC) follows a February 24 statement from the G7 leaders in which they agreed to “continue to counter, in close cooperation with third countries, any attempts to evade and circumvent our sanctions and export control measures.”  A total of 13 entities and two individuals were sanctioned by the Treasury yesterday.  They include B-Crypto, Masterchain, Laitkhaus, Atomaiz, Veb3 Tekhnologii, TOEP, Bitpapa, Crytpo Explorer, and others.  All designated entities will have their assets and interests in the US frozen, while transactions involving sanctioned individuals will be blocked.  

Infosecurity Magazine reports: "US Targets Crypto Firms Aiding Russia Sanctions Evasion"