April 22, 2025
Blockchain

A group of mining companies BitRiver is subject to US sanctions

  • April 20, 2022
  • 0

The US Treasury has imposed sanctions against the BitRiver group of companies that mine cryptocurrencies in the Russian Federation. According to the agency, BitRiver, the operator of mining

The US Treasury has imposed sanctions against the BitRiver group of companies that mine cryptocurrencies in the Russian Federation.

According to the agency, BitRiver, the operator of mining data centers founded in 2017, currently has three offices in Russia. In 2021, BitRiver transferred ownership of its assets to the Swiss holding BitRiver AG.

In addition, ten affiliates are included in the sanctions list, including Bitriver Management Company LLC, Bitriver Rus LLC, Everest Group LLC, Siberian Minerals LLC, Tuvaasbest LLC, Trading House Asbest LLC, LLC “Bitriver-B”, LLC “Bitriver”. -K”, LLC “Bitriver-Sever”, LLC “Bitriver-Turma”.

Thus, the US Treasury stopped the possibility of Russia bypassing possible sanctions through mining. Cryptocurrency mining companies have been included in the sanctions list for the first time.

ForkLog has requested comments from BitRiver representatives.

Also under sanctions OFAC It turned out to be a Russian entrepreneur, the owner of the Tsargrad group of companies Konstantin Malofeev, which the media previously associated with the theft of bitcoin from the WEX exchange.

The agency blocked all properties of BitRiver and Malofeev companies within US borders. Residents and citizens of the country are prohibited from working with them.

Recall that at the beginning of April, the Hydra darknet market and the Garantex cryptocurrency exchange were subject to US sanctions.

Source: Fork Log

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