The UK government has imposed sanctions on entities linked to Russia using cryptocurrencies to evade Western restrictions. Key players include Kyrgyzstan’s Capital Bank and Grinex, a crypto exchange replacing the blacklisted Garantex. The move aims to limit Russia’s financial options amid the Ukraine invasion. The A7A5 stablecoin token, backed by sanctioned Russian lender Promsvyazbank, has processed over $9.3 billion in transactions.

Leave a Reply