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UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts

The U.S. and European Union have also extended sanctions rules to crypto since Russia’s invasion of Ukraine gave way to heightened concerns over the use of digital assets to circumvent restrictions.

The U.K. Treasury has ordered crypto companies to report suspected sanctions violations. (Getty Images)
The U.K. Treasury has ordered crypto companies to report suspected sanctions violations. (Getty Images)