UK targets Russian sanctions evasion in digital asset sector
The post UK targets Russian sanctions evasion in digital asset sector appeared on BitcoinEthereumNews.com. Homepage > News > Business > UK targets Russian sanctions evasion in digital asset sector The United Kingdom’s Foreign Secretary, Yvette Cooper, has announced new sanctions targeting digital currency in a bid to shut off “financial lifelines that sustain Putin’s war machine,” including adding digital asset exchange HTX to the country’s list of sanctioned entities over its support of Russia. On May 26, the U.K. Foreign Office revealed it would be ramping up measures against digital asset networks used to bypass Britain’s sanctions, in an effort to prevent Russia from exploiting the sector to circumvent the heavy economic sanctions placed on the country since its illegal invasion of Ukraine in February 2022. “If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Foreign Secretary Cooper said in a May