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UK designates cryptoasset exchanges including HTX in sweeping new sanctions package targeting Russia

Today, the United Kingdom announced one of its most expansive cryptoasset-focused sanctions packages to date. For the first time, the UK has applied Regulation 17A of the Russia (Sanctions) (EU Exit) Regulations 2019 to...

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UK designates cryptoasset exchanges including HTX in sweeping new sanctions package targeting Russia

Today, the United Kingdom announced one of its most expansive cryptoasset-focused sanctions packages to date. For the first time, the UK has applied Regulation 17A of the Russia (Sanctions) (EU Exit) Regulations 2019 to cryptoasset exchanges, dramatically expanding the compliance obligations on UK virtual asset service providers (VASPs) and reshaping how digital asset firms must approach sanctioned counterparties.

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