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New York state ramps up blockchain monitoring to enforce sanctions -Breaking

by Mike Robinson

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New York state’s efforts to enforce sanctions against Russia have ramped up a gear with the Department of Financial Services, or DFS, expediting the procurement of additional blockchain analytics technology.

According to Make a statementReleased Wednesday by the department, it said that the technology will help to identify Russian persons and entities under federal sanctions. This is done by virtual currency companies licensed by the department.

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