US Treasury Department Added Russian crypto mining provider BitRiver and several affiliates. It is a company that facilitates evasion of sanctions.
In the announcement on Wednesday Office of Foreign Assets Control of the Ministry of Finance (OFAC) said Working on BitRiver AG and 10 affiliates in Russia. will be blocked assets and “U.S. individuals are generally prohibited from contacting them.”
According to the US Treasury Department Actions against BitRiver and its affiliates are based on allegations that help facilitate It is believed that crypto could play a role in helping the Russian government circumvent US economic measures. responding to the invasion of Ukraine
The government agency says BitRiver operates server farms to sell crypto mining capabilities internationally, helping Russia. “Earn money from natural resources”
“Russia has an advantage in crypto mining due to its energy resources and cold climate,” the agency said. “however Mining companies rely on imported computer equipment and fiat payments, which poses the risk of sanctions, and the United States is committed to ensuring that no assets exist. no matter how complicated It will become a mechanism for Putin’s regime to offset the impact of the sanctions.”
“The Ministry of Finance can and will target those who evade. try to evade or assisting in circumventing US sanctions against Russia, as they are helping to support the brutal war that Putin has chosen,” said Brian Nelson, Undersecretary of Terrorism and Financial Intelligence.
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