UK Targets Kremlin-Linked Crypto Network in Latest Sanctions Round
Bitcoin Magazine
The UK has imposed sanctions on the A7 crypto network and associated firms used by Russia to evade financial restrictions.Summary
The United Kingdom has unveiled 18 new sanctions targeting the Kremlin-backed A7 network, a ruble-based settlement system and crypto-payment infrastructure. These measures aim to disrupt financial channels used by Russia to circumvent sanctions through entities in Kyrgyzstan and Georgia. Officials report that the A7 network has facilitated billions in cross-border transfers, helping to fund Russia's military efforts despite ongoing economic pressure and trade limitations.
(Source：Bitcoin Magazine)