Ukraine sanctions 60 Russia-related cryptocurrency companies

On July 7, according to Ukrainska Pravda, Ukrainian President Zelensky signed a decree imposing sanctions on individuals and legal entities that help Russia transfer assets through cryptocurrency. The sanctions target 60 companies, 55 of which are Russian enterprises. According to Vladislav Vlasiuk, Zelensky's sanctions policy commissioner, the sanctioned entities include 19 major cryptocurrency miners involved in sanctions evasion schemes, 17 digital financial asset issuance system operators, 19 Russian financial infrastructure enterprises, and 5 cryptocurrency exchange operators involved in sanctions evasion. The list also includes 5 non-Russian residents but companies involved in helping Russia circumvent restrictions, such as Cyprus-based TOKENTRUST HOLDINGS LIMITED, Kazakhstan-based EXMO RBC LTD, and three companies in the UAE. [Deep Tide TechFlow]