In a first, Treasury Department sanctions major cryptocurrency mining firm

Photo: St. Basil’s Cathedral – Moscow. Photo credit: Flickr user thesash2. Article by Tonya Riley. Cyberscoop – April 20, 2022.

The Treasury Department on Wednesday sanctioned major cryptocurrency mining company Bitriver for helping to facilitate the evasion of sanctions against Russia. The action marks a significant step by the agency in its crackdown on cryptocurrency technology used for illicit means and its first sanctions against a mining company. “By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources,” […]

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