UK sanctions Russian crypto networks and financial firms
The British government has frozen the assets of several Russia-linked cryptocurrency exchanges and financial networks used to bypass international sanctions. The measures target the Kremlin-backed A7 network and global exchange HTX to disrupt payment routes fueling the invasion of Ukraine.
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The United Kingdom froze assets of Russia-linked cryptocurrency platforms and banks to disrupt shadow financial networks. This escalation tightens the net around digital payment routes used to fund the invasion of Ukraine. British firms are barred from processing payments or maintaining correspondent banking ties with the targeted entities.
