U.S. sanctions

Despite U.S. sanctions, Huawei Technologies Co is making a bold move to reclaim its position in the premium electronics market in China. The company is aggressively expanding its retail presence, posing a direct challenge to Apple Inc (NASDAQ:AAPL). What Happened: Huawei has opened four flagship...

Advanced Micro Devices Inc. (NASDAQ:AMD) has reportedly encountered a significant obstacle in its efforts to sell a specialized artificial intelligence chip to the Chinese market. What Happened: The U.S. Department of Commerce has imposed restrictions on the export of high-powered AI processors....

China’s largest chipmaker, Semiconductor Manufacturing International Corp (SMIC), has managed to produce more sophisticated chips despite U.S. sanctions. However, the company still faces significant hurdles in its quest for semiconductor self-sufficiency. What Happened: Despite U.S. sanctions...

Illicit use of cryptocurrencies reached a record high of $20.1 billion in 2022, according to blockchain analytics firm Chainalysis. What Happened: Transactions involving companies targeted by U.S. sanctions skyrocketed during this time, as the value of crypto transactions related to illicit...

The U.S. Department of the Treasury announced a penalty of $53 million on cryptocurrency exchange Bittrex for "apparent violations of sanctions and anti-money laundering obligations."  What Happened: Bittrex has made 116,421 apparent violations of multiple sanctions programs, said...

As of late Sunday, Russia has defaulted on foreign debt, which has not occurred since 1918 during the Bolshevik Revolution. What Happened: The Kremlin failed to make payments totaling $100 million in dollars and euros owed to bondholders, missing a 30-day grace period, according to a Monday Wall...

Two Europeans were charged by the U.S. Department of Justice with providing cryptocurrency and blockchain technology services to North Korea illegally. What Happened: Pro-Pyongyang affinity organization founder Alejandro Cao de Benos of Spain and cryptocurrency businessman ...