Binance denies sharing customer information with Russia
The National Bank of Ukraine on Thursday (April 21st) clarified restrictions on cross-border transactions, hoping to stop crypto purchases in local currencies.
Under its guidelines, individuals will be able to purchase assets converted directly into cash through cash-like transactions, using their own foreign currency. Cash-like transactions include purchases of virtual assets and other similar things.
In other news, crypto exchange Binance reportedly recovered stolen funds linked to March’s Axie Infinity hack, CoinDesk reported Friday, April 22.
The crypto exchange has recovered around $5.8 million in stolen funds, and Binance founder Changpeng Zhao mentioned the funds were distributed among 86 accounts.
Meanwhile, sanctions against Russia for its war in Ukraine could hurt the multi-billion dollar crypto sector, according to a CNBC report on Friday.
US officials recently targeted Russian bitcoin mining company BitRiver as it imposes new wartime sanctions on Russia. The sanctions would cripple BitRiver and various subsidiaries and prevent them from accessing US crypto exchanges or mining equipment.
Separately, CoinDesk reported on Friday that Binance has refuted claims that it helped Russian authorities track donations made to the opposition.
The allegations stem from a Reuters investigation, which claims Binance was linking to Russian government agencies and providing customer data to the Russian anti-money laundering agency. On its official blog, Binance stated that “ssuggestions that Binance has shared user data…with FSB-controlled Russian agencies and Russian regulators are categorically false.
Additionally, BitNile Holdings announced plans to fund up to $100 million in commercial loans for smaller listed companies that are backed by Bitcoin.
According to a press release, this will be done through BitNile’s subsidiary, Digital Power Lending. BitNile reportedly intends to expand its mining production capacity “significantly” this year.
In other news, Alphaplate, a technology company working on crypto trading, has been acquired by Britannia Financial Group, the companies announced Thursday.
The acquisition would provide Britannia clients with access to execution, custody and over-the-counter services for the digital asset market.
Separately, US government officials are also sanctioning North Korean crypto wallets, CoinDesk reported on Friday.
The Treasury Department’s Office of Foreign Assets Control has added three Ethereum addresses to its sanctions list, adding to an address listed last week that was linked to a $600 million theft stolen from the Axie Infinity hack.
Finally, Crypto.com has reportedly awarded a four-year grant to the Digital Currency Initiative (DCI) of the Media Lab at the Massachusetts Institute of Technology, Block Crypto reported on Sunday, April 24.
The grant does not come with a specified amount and is said to be for bitcoin security research and the open source development of protocols underlying the network.