UK Clamps Down on Crypto Networks Aiding Sanctions Evasion
99BitcoinsFriday, August 22, 2025 at 12:43:58 AM
The UK government is intensifying efforts to combat financial networks and crypto systems that facilitate sanctions evasion for Russia. This includes targeting platforms associated with a Kyrgyz-based stablecoin operation.
Editor’s Note: This crackdown is significant as it demonstrates the UK's commitment to enforcing sanctions against Russia, particularly in the wake of ongoing geopolitical tensions. By targeting crypto networks, the UK aims to close loopholes that allow for the circumvention of financial restrictions.
— Curated by the World Pulse Now AI Editorial System
