UK Sanctions Crypto Exchanges Over Suspected Russia-Linked Evasion

Three crypto exchanges and two payment platforms come under new UK sanctions over suspected efforts to bypass restrictions on Russia. The measures target financial channels authorities associate with sanctions evasion as Britain expands pressure on Moscow’s war funding. Trading venues and payment providers suspected of helping Russia bypass financial restrictions became targets of new British sanctions on Oct. 8. The Foreign, Commonwealth & Development Office (FCDO) included them in 38 new designations covering financial services, oil companies, tankers, and military suppliers. Officials stated that two targeted platforms processed or facilitated transactions with the Kremlin-backed A7 network.

Source: Bitcoin.com News