Market News / Story
UK sanctions three crypto exchanges tied to Russian illicit funds
Cointelegraph ·
Cointelegraph reports: The UK government has sanctioned three cryptocurrency exchanges and two payment platforms suspected of helping Russian entities circumvent financial sanctions. Three of the service providers were linked to Kyrgyzstan, while two of them facilitated transactions with the Kremlin-backed A7 network, the UK Foreign, Commonwealth & Development Office (FCDO) announced Thursday. Cutting off these platforms makes it harder for sanctioned entities to move and access funds, the…