UK Cracks Down: $9.3B Ruble-Backed Crypto Network Linked to Russia Sanctioned

The United Kingdom has introduced new sanctions targeting Kyrgyzstan’s financial sector and cryptocurrency operations allegedly tied to Russia’s efforts to bypass Western restrictions. The measures include actions against banks, exchanges, and individuals accused of facilitating a ruble-backed stablecoin network that processed billions of dollars in transactions. According to a statement from the UK government, the […]