UK Targets Cryptomus and TokenSpot in New Russia Sanctions Package

The UK has sanctioned three crypto exchanges and two payment platforms that it suspects Russia is using to circumvent financial sanctions, the Foreign, Commonwealth & Development Office said Thursday. The targets include Xeltox Enterprises, a Vancouver-registered company designated through its ownership of Cryptomus and activities "linked to and continued via" Heleket, according to the UK's sanctions notice . Kyrgyz firms TokenSpot and Tsunami Payments, which share an office tower in Bishkek, were also designated. So was Processing KG, the operator of payment service VexPay, whose parent company is Kyrgyzstan's Ministry of Finance, according to the notice.