Taiwanese businessman Tsao to sue Chinese authorities over sanctions
Taiwanese businessman Robert Tsao announced that he will sue senior Chinese officials in a Taiwanese court over sanctions imposed on him. Tsao said he is trying to counter China’s intimidation of his legal activities. China, which claims Taiwan as its territory, said last month that it would punish and sanction Tsao, the retired founder of […]
SEC to be sanctioned over DEBT Box decision
A federal judge in the US sanctioned the Securities and Exchange Commission for improper actions against Utah-based crypto company DEBT Box. In the ruling, the SEC’s actions were characterized as a ‘gross abuse of authority’. According to the court ruling, the regulator will also have to pay DEBT Box’s legal costs. The judge’s decision included […]
US may also sanction those involved in Huawei’s secretive chip network
The US Government intends to escalate Washington’s chip wars strategy. Bloomberg claims that sanctions are imminent against a number of Chinese semiconductor companies linked to tech giant Huawei. Leaked reports show that the Chinese companies or entities under scrutiny include some that were highlighted last year in allegations that Huawei was trying to set up […]
OFAC issues updated Advisory on ransomware payments risks
Recently issued OFAC advisory informs about the sanctions-related risks of the growing threat of ransomware payments.