European Union Announces New Sanctions Against Russia Including a "Ban" on All Russian Bitcoin Wallets

A Fifth Circuit panel reinstated a nationwide injunction against the Corporate Transparency Act (CTA) just three days after another panel lifted it, causing additional confusion concerning compliance with the controversial law.

The Blockchain Association, DeFi Education Fund, and Texas Blockchain Council are suing the IRS to block the latest midnight rulemaking requiring "DeFi entities offering front-end services" to track and report customer information.

The Russian government approved a six-year ban on Bitcoin mining in 10 regions, starting January 1, 2025. The ban will remain effective until March 15, 2031.

The Corporate Transparency Act (CTA) has been rejuvenated following an appeals court ruling that allows its enforcement during ongoing legal proceedings. Under this law, 32.5 million of US small business owners must register with the FinCEN by January 13, or face potential fines of up to $10,000.