UK mirrors US sanctions against Russian crypto networks
The UK is following the US’s approach to sanction-evading crypto networks in Russia by enacting its own measures against crypto exchanges, stablecoins, and a Kyrgyzstan bank used to fund military goods. The UK government announced its sanctions today, claiming that Russia is relying on “the Kyrgyz financial sector to channel money through opaque financial networks, including through the use of cryptocurrencies.” They also target the Grinex and Meer crypto exchanges, the Kyrgyzstan-based Capital Bank of Central Asia, CJSC Tengricoin, Old Vector LLC, and Altair Holding SA. US re-sanctions Russian crypto exchange before Trump-Putin talks Read more: Garantex reportedly tied to violent Russian debt gang and KGB successor Sanctioned individuals include the director of the A7A5 ruble-pegged stablecoin, Leoniid Shumakov, Zhanyshbek Uulu Nazarbek, and Capital Bank Director Kantemir Kaparbekovich Chalbayev. The UK claims that A7A5, issued by the Kyrgyzstani firm ...