UK sanctions three crypto exchanges tied to Russian illicit funds
60-second summary
The United Kingdom sanctions three crypto exchanges and associated payment processors, linking them to thousands of Russian entities and the sanctioned HTX platform, accusing them of facilitating illicit fund flows. The measures freeze assets, prohibit UK dealings and target cross‑border transactions, signaling tighter regulatory scrutiny that could pressure market liquidity and deter further illicit activity across the crypto industry.
The UK sanctioned crypto exchanges and payment processors, some of which were tied to thousands of Russian entities and the sanctioned HTX exchange.