UK sanctions crypto platforms accused of helping Russia evade restrictions

The United Kingdom has sanctioned three cryptocurrency exchanges, two payment platforms and one individual in an Oct. 8 package of 38 designations targeting financial services, oil revenue and suppliers accused of supporting Russia’s war in Ukraine. Three crypto exchanges, two payment platforms and one individual face new British sanctions. UK authorities suspect two targeted platforms processed or facilitated transactions involving the A7 network. U.S. Treasury sanctioned A7 on Oct. 1, while FinCEN proposed separate restrictions on related transfers. The EU’s July package extended transaction bans to 14 crypto-related platforms across six jurisdictions.

Source: crypto.news