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The post UK eyes A7A5 stablecoin, Huobi/HTX for Russian sanctions case appeared on BitcoinEthereumNews.com. Homepage > News > Business > UK targets A7A5 stablecoin, Huobi/HTX for Russian sanctions evasion The United Kingdom is punishing a ruble-backed stablecoin issuer and the HTX digital asset exchange for assisting Russia’s efforts to evade economic sanctions imposed following the 2022 invasion of Ukraine. On May 26, the U.K. government’s Foreign, Commonwealth & Development Office issued a new round of measures targeting individuals and entities helping Russia evade economic sanctions imposed on the country following its invasion of Ukraine. Among the entities on the U.K.’s hit list are “the Kremlin-backed A7 network, which actively exploits Kyrgyzstan’s financial systems to channel funds into Russia’s war economy.” This network “claimed to have moved more than $90 billion last year—equivalent to roughly half of Russia’s yearly military expenditure” and nearly one-fifth of the countr
Read full articleAave Labs' FCA registration enhances its regulatory credibility, potentially attracting institutional partnerships and expanding DeFi integration. The post Aave Labs secures FCA registration for Push subsidiaries in UK appeared first on Crypto Briefing.
The post Block Brings USDC to 60 Million Cash App Users appeared on BitcoinEthereumNews.com. Block is rolling out USDC payments on Cash App to nearly 60 million users across four blockchain networks. CEO Jack Dorsey admitted customer demand drove the stablecoin move despite his longstanding bitcoin-only stance. The global stablecoin market hit a record $322 billion, exceeding reserves of 95 countries, including the UK and Canada. Block has expanded its stablecoin push by introducing USDC support on Cash App. The feature is currently live for 25% of the platform’s nearly 60 million users. A Block spokesperson confirmed the phased rollout this week. Full availability is expected before the week ends. The move comes as the global stablecoin market hits a record $322 billion in total value. Block Brings USDC Payments to Cash App on Four Networks Block’s expansion covers USDC across Solana, Ethereum, Polygon, and Arbitrum. The company positions the feature strictly as a payments tool rathe
Aave Labs subsidiaries Push Labs Limited and Push Virtual Assets Limited have received approval from the UK Financial Conduct Authority to operate as registered cryptoasset exchange providers in the country. According to an announcement shared with crypto.news, the registrations add…
Ukraine and Iran have shown us that war as we’ve known it is over.
Ukraine and Iran have shown us that war as we’ve known it is over.
The EU's substantial loan to Ukraine underscores geopolitical alliances, potentially stabilizing Ukraine's economy while influencing EU-Russia dynamics. The post Ukraine’s parliament to vote on ratification of €90B EU loan appeared first on Crypto Briefing.
The post UK Targets HTX Affiliate as Report Flags $7.6B Suspicious Crypto Flows appeared on BitcoinEthereumNews.com. The UK sanctioned 18 entities connected to the “A7” network, while blockchain analytics firms Global Ledger and TRM Labs reported billions of dollars in Russia-linked crypto flows involving HTX. The sanctions include asset freezes and restrictions on British firms processing related transactions. HTX Denies Russia Sanctions Claims HTX pushed back against allegations tied to a new UK sanctions package after the British government accused affiliate Huobi Global S.A. of helping facilitate billions of dollars in transactions linked to Russia’s shadow financial network. The dispute started after the UK Foreign, Commonwealth and Development Office (FCDO) announced sanctions against 18 entities allegedly connected to the “A7” network, which authorities claim has been used to help Russia evade financial restrictions imposed following the war in Ukraine. According to the UK gover
Crypto exchanges face new U.K. enforcement pressure after Britain targeted Russia-linked sanctions-evasion networks using digital assets. The package names 18 exchanges, banks, payment providers, corporate entities, and individuals tied to crypto and financial channels. Crypto Exchanges Face UK Regulation 17A Action Britain announced on May 26 a sanctions package aimed at crypto routes used to […]
