UK sanctions Huobi Global S.A. for ties to Russia sanctions-evasion networks

The UK's crypto sanctions signal a stricter regulatory landscape, potentially reshaping global compliance and impacting crypto markets. The post UK imposes new sanctions on Russian crypto and uranium trade appeared first on Crypto Briefing.

Formerly Huobi Global, the exchange is the latest entity to be named as part of a crackdown on companies “exploited by Russia to circumvent UK sanctions.”

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.

The United Kingdom has sanctioned Huobi Global S.A., now linked to HTX, in a Russia-focused action targeting crypto channels accused of helping sanctioned networks move funds. According to the UK government, the latest sanctions package freezes assets connected to the…

PRESS RELEASE. The evolution of finance is fundamentally a silent revolution focused on breaking barriers and enhancing efficiency. From the ringing bells of the Amsterdam Stock Exchange to the historic prosperity of New York’s Wall Street, traditional finance (TradFi) has built a vast, rigid, and tightly regulated capital operation system over the past centuries. However, […]

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,