May 29, 2026

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Britain Sanctions Russian Cryptocurrency Networks Over Financial Evasion

LONDON – Britain on Tuesday targeted Russian-linked cryptocurrency platforms, banks, and financial networks it said were used to bypass sanctions, freezing their assets and barring UK firms from processing payments and holding correspondent banking ties. The measures focus on what London described as “shadow financial systems” underpinning Russia’s war economy, including the Kremlin-backed A7 network,...
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