UK imposes new sanctions on Russian crypto and uranium trade

The UK's sanctions on HTX highlight increasing regulatory scrutiny on crypto exchanges, potentially reshaping global crypto compliance norms. The post UK sanctions Huobi Global S.A. for ties to Russia sanctions-evasion networks appeared first on Crypto Briefing.

British financial institutions are now barred from doing business with the exchanges—and may face penalties for interacting with crypto transactions that pass through them.

Britain has imposed sanctions on several crypto-related firms and financial networks linked to Russia, including entities registered in the United Arab Emirates and Georgia, as part of a new crackdown on sanctions evasion tied to Moscow’s war economy. According to…

The UK's sanctions highlight the increasing global effort to curb illicit financial networks, potentially reshaping international crypto regulations. The post UK sanctions A7 network and crypto exchanges over $1.5 billion in Russian war funding appeared first on Crypto Briefing.

At a record $322 billion, the total market value of stablecoins is more than the foreign currency reserves of 95 nations, including a number of developed nations. Their current market capitalization exceeds that of developed economies like the UK, Canada, and the oil-exporting behemoth UAE, as well as emerging markets like Mexico,

Deregulation may boost bank lending and revenue but raises concerns about financial stability and competition with emerging digital finance. The post US and UK banks gain $1.3T in lending capacity from leverage ratio deregulation appeared first on Crypto Briefing.

Welcome to AI Insider’s The Week Ahead in AI. See the key developments and events we’re watching May 24- 30. Weekend AI News Briefs Pope Leo Will Take on AI Alongside an Anthropic Co-Founder Pope Leo XIV is set to release his first encyclical, Magnifica Humanitas, on May 25 focused on safeguarding human dignity in the […]

Definition of green facilities made in 2022, before release of ChatGPT, says Action to Protect Rural Scotland A Scottish government policy designed to encourage datacentres to build in Scotland could lead to a massive volume of carbon emissions being ignored, according to an analysis by a Scottish charity. “Green datacentres” are at the heart of Scotland’s ambitions to develop economically. Enshrined in national policy, they are part of a larger, UK-wide effort to attract big AI investment to Scotland. Continue reading...