The UK sanctions 18 entities related to Russia, for the first time applying banking-style restrictions to cryptocurrency exchanges
By: rootdata|2026/05/27 09:43:06
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According to CoinDesk, the UK has imposed sanctions on 18 entities and individuals accused of assisting Russia in evading Western restrictions and funding its war in Ukraine, including the cryptocurrency exchange Huobi Global S.A. (operator of HTX) and the stablecoin issuer Open Joint Stock Company "Virtual Asset Issuer."
This is the first time the UK has applied Regulation 17A, which targets sanctioned banks, to cryptocurrency exchanges, requiring UK financial institutions and cryptocurrency service providers to freeze relevant funds, track on-chain transactions, and not maintain agency relationships or process related payments with sanctioned entities. The sanctions are primarily focused on the A7 payment network.
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