Wire · regulatory
UK Sanctions Cryptomus, Heleket, and TokenSpot in New Russia Package Targeting Crypto ...
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Fusion42 · 10 October 2026 · Fusion42 review
The UK government imposed sanctions on 38 Russia-related entities including crypto exchanges Cryptomus, Heleket, and TokenSpot, which are suspected of helping Russia circumvent financial sanctions by facilitating illicit payments and linking to Kremlin-backed networks. These designations target crypto platforms registered primarily in Canada and Kyrgyzstan aiming to block Russia's evasion of sanctions through crypto and payment channels.
This Wire brief sits within Fusion42's coverage of Fintech, and 2 sources have reported it between 8 Oct 2026 and 11 Oct 2026.
◆ ◆ The Wire takeaway
You must urgently screen exposure to Cryptomus, Heleket, and TokenSpot as UK sanctions cut off key crypto routes used by sanctioned Russian entities. This ban reshapes payment risk and compliance in crypto-finance connected to Russia, demanding immediate action to protect operations and partnerships.
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2 sources · first reported 8 Oct 2026 · latest 11 Oct 2026
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