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UK Targets Kremlin-Linked Crypto Network In Latest Sanctions Round

UK Targets Kremlin-Linked Crypto Network In Latest Sanctions Round Authored by Micah Zimmerman via BitcoinMagazine.com, 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...
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