Tag: economic sanctions
5 articles
UK Sanctions Cryptomus for Aiding Russian Illicit Finance
The UK has imposed sanctions on Cryptomus, a payments platform accused of processing over $7 billion in transactions that benefit the Russian government and its financial institutions. This move freezes Cryptomus' UK assets and blocks British companies from doing business with the platform.
Latin America Rebalances China Ties
Honduras's diplomatic shift towards China in 2023 came with a hefty price tag: its shrimp exporters lost access to Taiwan, resulting in plummeting sales, shuttered businesses, and thousands of job losses. The economic fallout has sparked domestic backlash, with the Honduran congress launching probes into Chinese business activities.
US Targets Shelbit in $6bn Crypto Sanctions Crackdown
The US Treasury Department has cracked down on crypto sanctions, targeting Shelbit, a shadowy crypto conduit, and its founder Siavash Kayvanpour in a $6bn blow to Iran's financial apparatus. This move underscores the Treasury's determination to disrupt Tehran's reliance on digital assets and secret banking networks.
US, Allies Scramble to Disrupt China's Critical Mineral Dominance
China's grip on critical minerals has sent shockwaves through the market, with prices skyrocketing 250 percent since Beijing introduced export controls in April 2025 - and the threat of a sudden flood of supply looms large, as China can flip the switch and crush prices at any moment.
US Sanctions Nobitex Crypto Exchange Over Terrorism Financing Links
The US Treasury has sanctioned Nobitex, Iran's largest crypto exchange, and several top executives, citing its role in supporting the regime and processing over 50% of Iranian digital asset inflows. This move is part of a broader effort to crack down on terrorism financing through cryptocurrency.