regulators

The UK announced an unprecedented and strict sanctions package targeting trading platforms and crypto financial networks linked to Russia. These moves come after reports that these networks helped Moscow process massive transactions to circumvent financial sanctions.
📌 Key details of the shocking decision:
The A7 network under scrutiny: The sanctions primarily focused on what London describes as 'shadow financial systems,' specifically the A7 network backed by the Kremlin, which reports claim processed over $90 billion last year to settle Russian oil exports and fund military purchases.