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.
Summary
- 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.
…
