# In a first, Treasury Department sanctions major cryptocurrency mining firm

- Link: https://www.widthness.com/in-a-first-treasury-department-sanctions-major-cryptocurrency-mining-firm/
- Published: 2022-04-22T09:15:17-05:00
- Author: Curated by John Wysocki

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,” […] Click here to view original web page at www.cyberscoop.com Curated by John Wysocki See Full Bio