Ukraine Imposes Sanctions on 60 Russia-Linked Cryptocurrency Companies

On July 7th, as reported by Ukrayinska Pravda, Ukrainian President Zelensky signed a decree to impose sanctions on individuals and legal entities that assist Russia in transferring assets through cryptocurrency. These sanctions are targeted at 60 companies, with 55 of them being Russian entities. According to Vladyslav Vlasiuk, Zelensky's Sanctions Policy Commissioner, the sanctioned entities encompass 19 major cryptocurrency miners engaged 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 that are involved in helping Russia evade restrictions, such as TOKENTRUST HOLDINGS LIMITED in Cyprus, EXMO RBC LTD in Kazakhstan, and three companies in the UAE.