Bitcoin Magazine
UK Targets Kremlin-Linked Crypto Network in Latest Sanctions Round
The United Kingdom has unveiled a fresh package of sanctions against Russian financial structures that use crypto and offshore payment routes to sidestep restrictions imposed after the invasion of Ukraine.
The measures focus on the Kremlin-backed A7 network, a ruble-based settlement system, and a cluster of exchanges and firms that route payments through Kyrgyzstan and Georgia.
Announced by Foreign Secretary Yvette Cooper, the package covers 18 new designations that target what London describes as the backbone of Russia’s illicit finance channels.
Officials say the list includes a Kyrgyz bank suspected of handling A7 flows, a major global cryptocurrency exchange that has sent more than 1.5 billion dollars to entities close to the Kremlin, and three Georgian companies that run Russia-focused trading platforms.
The A7 network has emerged as a central hub in Russia’s attempts to blun
We współpracy z: https://bitcoinmagazine.com/news/uk-targets-kremlin-linked-crypto-network
