US President Joe Biden issued an executive order to declare a state of emergency and increase sanctions in response to a cyber attack in Russia on the morning of the 14th (local time). The Block reported this on the 15th (local time).
This measure is a response to the malicious actions of Russia, including the intervention of the US presidential election last year, the hacking of the US federal agency, and pressure on Ukraine.
The US Treasury Department’s Office of Foreign Assets Management (OFAC) responded by banning US institutions from trading new bonds issued by Russian central banks, Treasury and sovereign wealth funds. Along with the announcement, OFAC has added 28 related cryptocurrency addresses, including BTC, ETH, LTC, BCH, DASH, ZEC, XVG, to the list of sanctions. OFAC sanctioned cryptocurrency addresses linked to suspicions of involvement in the 2016 presidential election last year.
The order is also directed at anyone who promotes a deceptive or structured transaction or transaction to circumvent US sanctions, including the use of digital currency or assets, or the use of physical assets.
(US President Joe Biden’s White House issued an executive order on Wednesday morning declaring a national emergency and expanding sanctions in response to Russian cyberattacks.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.