UK Targets Cryptomus and TokenSpot in New Russia Sanctions Package
Summary
The UK sanctioned crypto firms Xeltox Enterprises, TokenSpot and Tsunami Payments, along with payment platforms Processing KG and VexPay, over suspected links to Russian sanctions evasion. Two targets allegedly facilitated transactions with the Kremlin-backed A7 network, which claims to have moved over $90 billion last year. The companies face asset freezes and restrictions requiring online services to limit UK access. The designations are part of a 38-target package that also targets Russian oil firms, shadow-fleet tankers and suppliers of military components.
