UK slaps sanctions on three crypto exchanges over alleged Russia links
Britain said the crypto platforms and two payment services may have helped Russia evade financial sanctions, with two handling transactions involving the Kremlin-backed A7 network.
Make preferred on
Share this article
Summary
- The U.K. sanctioned three cryptocurrency exchanges and several payment platforms as part of 38 new designations targeting networks suspected of helping Russia evade sanctions.
- The Foreign Office said two targeted businesses had facilitated transactions involving A7, a Kremlin-backed network whose ruble-pegged A7A5 stablecoin is allegedly used to bypass financial restrictions.
- The measures freeze the designated entities’ U.K. assets and also target Russian oil producers, shadow-fleet tankers and suppliers linked to missile and drone production.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
