UK slaps sanctions on three crypto exchanges over alleged Russia links

The UK has imposed sanctions on three crypto exchanges and payment processors due to alleged links with Russia. These entities are reportedly connected to thousands of Russian entities and the sanctioned HTX exchange. The measures target platforms suspected of facilitating the movement of Russian illicit funds. By implementing these sanctions, the UK aims to disrupt the financial networks used by sanctioned parties to bypass restrictions through the use of cryptocurrency and digital payment processing services.