The measures are part of U.S. efforts to prevent the use of digital assets in criminal activities and the trading of illicit goods, especially if such organizations operate from Russian territory.
El U.S. Department of the Treasury impuso sanciones al servicio de mercado de la DarkNet web pages that cannot be detected or identified by search engines. Hydra, as well as to a crypto exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. platform a place to buy, sell and store cryptocurrency linked to the latter called Garantex, which are allegedly linked to the upper echelons of the Russian government.
Measures against Hydra by the U.S. Department of the Treasury
According to information published by the Treasury Department This is the result of a series of coordinated international efforts, precisely to close refers to the closing price; similar to the same term used in stock trading. the way to cybercrime operations, trade in drugs and other illegal items through the DarkNet based in Russia. This case was aided by the support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. of the authorities in Germany, who shut down Hydra’s servers in the country and confiscated some $25 million in funds. BTC.
In this regard, Treasury Secretary Janet Yellen commented:
“The global threat of cybercrime and ransomware ransomware is a type of malware used by hackers to steal or encrypt their victims’ files to extort them for a ransom in exchange for file decryption or restoration. originating in Russia, and the ability of criminal leaders to operate there with impunity, is of deep concern to the United States. Our actions today send a message to criminals that they cannot hide on the Dark Net or in their, and they cannot hide in Russia or anywhere else in the world. In coordination with allies and partners, like Germany and Estonia, we will continue to disrupt these networks.”
According to the statement published by the regulator, the actions taken against the Hydra platform would be framed in the Executive Order 14067 signed on March 9 of this year, which seeks to “ensure the responsible development of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets”. The use of these materials for criminal activities is therefore prevented. Therefore, the Office of Foreign Assets Control (OFAC) ) will be tracking the more than 100 crypto addresses that operated on the website.
Actions against Garantex
In relation to the platform Garantex, this would be the third cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange sanctioned by the U.S. regulator, which despite being registered in Estonia was operating from the cities of St. Petersburg and Moscow.
Sanctions against Garantex are associated with the exchange’s involvement in the laundering of more than US$100 million, which is allegedly associated with illicit acts and commercial activities in the DarkNet.
In this regard, the communiqué reads:
“Analysis of transactions conducted through Garantex shows that more than $100 million in transactions would be associated with wrongdoing… including nearly $6 million linked to the Russian group RaaS Conti, and another $2.6 million linked to the Hydra platform.”
In the context of international sanctions
For critics and analysts, the move comes at an especially important time, as Russia’s war moves on Ukrainian territory have seen an increased emphasis on closing off avenues of funding for certain activities to residents of the Soviet nation.
In addition to the above, this fact is also particularly noteworthy amid the efforts made by the US government to prevent the development of illicit activities through the use of cryptocurrencies, especially in light of the fact that these may serve as a mechanism for the authorities in Russia to circumvent financial sanctions imposed by other countries and international organizations with such assets.
- IMF warns Russia sanctions could boost cryptocurrency use, erode dollar supremacy
- Taiwan believes Russia-Ukraine war will help internationalization of China’s yuan currency currency is a medium of exchange that defines value.
- Russia’s deputy energy minister calls to legalize crypto mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. as soon as possible
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash