Current outcome
The UK has sanctioned Cryptomus, Heleket, TokenSpot, related payment platforms and a Moscow bank over Russia sanctions evasion, adding designations including Xeltox Enterprises, Tsunami Payments, Processing KG and its director, along with internet services sanctions, citing facilitation of Russian sanctions circumvention.
Progress timeline
2 material updates- #01
英国制裁Cryptomus、Heleket与TokenSpot，指其涉嫌协助俄罗斯规避制裁
The UK imposed a new round of Russia-related sanctions covering three crypto trading platforms — Cryptomus, Heleket and TokenSpot — along with payment platforms and a Moscow bank, citing alleged facilitation of sanctions evasion, with TRM Labs reporting TokenSpot moved over $950 million to already-sanctioned venues.
Source evidence: theblockbeats
- #02
UK Targets Cryptomus and TokenSpot in New Russia Sanctions Package
The report adds further specific designations from the same UK Russia sanctions round: Xeltox Enterprises (Canadian owner of Cryptomus), Kyrgyz payment firms TokenSpot and Tsunami Payments, Processing KG (VexPay operator) and its director Ulan Bukabaev; it also notes internet services sanctions and identifies the A7 network as a Kremlin-backed illicit finance network.
State after update: The UK has sanctioned Cryptomus, Heleket, TokenSpot, related payment platforms and a Moscow bank over Russia sanctions evasion, adding designations including Xeltox Enterprises, Tsunami Payments, Processing KG and its director, along with internet services sanctions, citing facilitation of Russian sanctions circumvention.
Source evidence: Decrypt