Ukraine Imposes Sanctions on 60 Russia-Linked Cryptocurrency Companies

BlockBeats News, July 7th, according to Ukrayinska Pravda, Ukrainian President Zelensky signed a decree to impose sanctions on individuals and legal entities that help Russia transfer assets through cryptocurrency.

These sanctions target 60 companies, with 55 of them being Russian entities. According to Zelensky's Sanctions Policy Commissioner Vladyslav Vlasiuk, the sanctioned entities include 19 major cryptocurrency miners involved in circumventing sanctions, 17 operators of digital financial asset issuance systems, 19 Russian financial infrastructure companies, and 5 cryptocurrency exchange operators involved in evading sanctions.

The list also includes 5 non-Russian residents but companies involved in assisting Russia in evading restrictions, such as TOKENTRUST HOLDINGS LIMITED in Cyprus, EXMO RBC LTD in Kazakhstan, and three companies in the UAE.