Suspected of crimes: US imposed sanctions against Kryptoplatform of the Russian Federation

The US Ministry of Finance has announced the imposition of sanctions against two cryptocurrency from the Russian Federation, which are suspected of laundering and criminal cyber activity. The US government has introduced a new package of sanctions against two Russian virtual financial platforms on suspicion of cybercrime and laundering illegal income. This is stated in the press release of the US Department of Finance.

The statement stated that new restrictive measures were introduced on PM2BTC and Cryptex platforms. "Today, the US Ministry of Finance is taking the necessary measures within the framework of coordinated international efforts to stop the work of Russian cybercrime services," the American Financial Department said.

In particular, Fincen (a network of fight against financial crimes) imposes restrictions on the Russian virtual currency exchanger PM2BTC, which, according to the organization, is suspected of involvement in money laundering in the Russian Federation. Also, the US Ministry of Finance, a foreign asset office (ofac), has imposed sanctions against Cryptex (registered on St. Vinisent and Grenadines), which "plays a significant role in money laundering processes.