Britain Targets Crypto Firms Linked to Russian Financial Operations
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- UK sanctions HTX and other crypto firms over alleged Russia-linked financial activity.
- British regulators tighten crypto payment restrictions under Regulation 17A rules.
- HTX also faces UK regulatory pressure after FCA action over alleged illegal crypto promotions.
The United Kingdom expanded its Russian sanctions regime by targeting several crypto-related entities, including crypto exchange HTX, as part of its effort to disrupt financial networks allegedly connected to Moscow’s war economy. British authorities accused the exchange of providing financial services and economic resources linked to entities operating in sectors considered important to the Russian government.
According to the sanctions notice, the UK government imposed restrictions on Huobi Global S.A., now operating under the HTX brand, over alleged ties to A7 Limited Liability Company. Officials des…
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