UK sanctions three crypto exchanges tied to Russian illicit funds
Cointelegraph 2026-10-09 10:34:37
Context: The United Kingdom has imposed sanctions on three cryptocurrency exchanges and payment processors that have ties to Russian illicit funds and entities. These exchanges and processors were found to have connections to thousands of Russian entities, as well as the sanctioned HTX exchange. The move is part of the UK's efforts to crack down on financial transactions that may be supporting illicit activities.
Key Facts
- The UK has sanctioned three cryptocurrency exchanges and payment processors tied to Russian illicit funds.
- Some of the sanctioned entities were connected to thousands of Russian entities.
- The sanctioned exchanges and processors had ties to the already-sanctioned HTX exchange.