{"id":51331,"date":"2021-09-24T02:32:58","date_gmt":"2021-09-23T22:32:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=51331"},"modified":"2021-09-24T02:33:18","modified_gmt":"2021-09-23T22:33:18","slug":"biden-administration-sanctions-virtual-currency-exchange","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/biden-administration-sanctions-virtual-currency-exchange\/09\/24\/market-updates\/","title":{"rendered":"Biden administration sanctions virtual currency exchange"},"content":{"rendered":"\n<p>The White House has imposed sanctions against SUEX, a virtual currency exchange that enables users to trade cryptocurrency or other digital currencies.<br>The new measures were a reaction to the role played by the Czech Republic-based SUEX\u2019s in facilitating financial transactions for ransomware actors as well as involving illicit proceeds from at least eight ransomware variants.<br>The U.S. Treasury Department\u2019s Office of Foreign Assets Controls (OFAC) enforced the sanctions that take the form of new commercial and financial penalties, with the objective of punishing the SUEX platform.<br>This is the first time OFAC has punished a virtual exchange for complicity in criminal ransomware activity. Over 40 percent of transactions were associated with illicit actors according to the Department of Treasury\u2019s statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The White House has imposed sanctions against SUEX, a virtual currency exchange that enables users to trade cryptocurrency or other digital currencies.The new measures were a reaction to the role played by the Czech Republic-based SUEX\u2019s in facilitating financial transactions for ransomware actors as well as involving illicit proceeds from at least eight ransomware variants.The &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[7214,7532,7534,7531,7533],"class_list":["post-51331","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-biden","tag-exchange","tag-sanctions","tag-virtual-currency","tag-white-house"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=51331"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51331\/revisions"}],"predecessor-version":[{"id":51335,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51331\/revisions\/51335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31837"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}