US targets $17 billion Russia-linked crypto payment network using USDT as an escape route

The US sanctioned the Russia-linked A7 Network and proposed new restrictions to cut its crypto intermediaries off from global markets. On Oct. 1, the Treasury Department designated A7 as a significant transnational criminal organization, extending blocking sanctions beyond individual companies previously targeted by Washington to the broader payment network. FinCEN simultaneously proposed barring covered financial…

El Salvador Agrees to Halt Further Bitcoin Accumulation Under IMF Deal

The International Monetary Fund completed El Salvador’s second and third reviews last night, authorizing an immediate disbursement of SDR 101.96 million, or about $138 million. The release followed a waiver for a missed Bitcoin accumulation performance criterion, while El Salvador program states that no further accumulation is envisaged beyond documented donations. The decision preserves IMF…