UK Unleashes New Sanctions on Russian and Kyrgyz Crypto Firms in Bold Move

London tightens the screws—crypto isn't immune to geopolitics.

Targeting Digital Escape Routes

The UK government just slammed Russian and Kyrgyz crypto firms with fresh sanctions. No more hiding behind blockchain anonymity. These measures aim to choke off financial flows that bypass traditional banking channels.

Active crackdowns hit firms accused of facilitating shadow transactions. No numbers spared—every entity on the list gets frozen assets and severed ties with UK markets.

Finance's usual circus—where regulation always arrives late to the party.

Sanctioned Entities’ Role in Global Financial Crimes

According to a research by the Organized Crime and Corruption Reporting Project (OCCRP), the sanctioned entities are also connected to George Rossi, an individual whom the National Crime Agency (NIA) believes is a major player in the Russian money laundering system. He is supposedly using funds for drug traffickers, cybercriminals, and helping Russian elites trying to evade sanctions. 

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