UK Sanctions Cryptomus and TokenSpot in Latest Russia Sanctions Package

UK sanctions Cryptomus — The United Kingdom has sanctioned five crypto and payment platforms, including Cryptomus and TokenSpot, as part of a new sanctions package targeting Russia’s financial networks.

The UK government stated that two of the sanctioned platforms had handled transactions with Russia’s A7 network. The move is part of a broader effort to restrict Russia’s access to international financial systems, including digital asset services, following its invasion of Ukraine.

The sanctions package, announced on October 9, 2026, aims to close potential loopholes that could allow sanctioned Russian entities to move funds. The action freezes any UK-based assets held by the targeted platforms and prohibits UK citizens and businesses from dealing with them.

This marks a continued expansion of Western sanctions into the crypto sector, reflecting ongoing concerns that digital assets could be used to circumvent traditional financial restrictions. The UK government has not yet disclosed the names of the other three sanctioned platforms.