UK Sanctions Four Cryptocurrency Exchanges, Including EXMO, for Helping Russia Evade Trade Restrictions on May 27

According to BlockBeats, on May 27, the UK sanctioned multiple cryptocurrency exchanges and peer-to-peer trading services, accusing them of facilitating Russia's evasion of Western trade restrictions and funding war operations. The blacklisted platforms include EXMO Exchange, Bitpapa, Rapira, and Nueva Cryptologia. UK authorities stated these platforms were linked to the Kremlin-backed "A7" payment network, which reportedly processed over $90 billion in fund flows last year for Russian oil export settlements and military procurement financing. Sanctions measures include global asset freezes, restrictions on UK financial institutions providing services, and limitations on platform operations across multiple jurisdictions including Kyrgyzstan, Georgia, Panama, and the UAE.
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