UK targets UAE, Georgia-linked crypto firms tied to Russia network
UK targets UAE, Georgia-linked crypto firms tied to Russia network
Britain sanctioned crypto firms and financial networks linked to Russia, including entities registered in the UAE, Georgia, and Kyrgyzstan.UK authorities said the Kremlin-backed A7 network was used to bypass sanctions, route payments, and support Russia’s war-related procurement activity.Earlier this year, Britain moved to dissolve Zedxion after investigations linked the exchange to roughly $1 billion in IRGC-connected transactions.