The United Kingdom has strengthened crypto sanctions in Kyrgyzstan

The United Kingdom government has further intensified pressure measures against Russia's military actions in Ukraine. This was reported by Zamin.uz.

London officials have imposed serious restrictions on cryptocurrency networks in Kyrgyzstan, which are said to be helping Moscow circumvent Western sanctions. This was reported by dw.com.

According to the decision adopted on August 20, the British government blacklisted three individuals and five companies. These include Tengricoin, which manages major cryptocurrency platforms in Kyrgyzstan – Grinex and Meer Crypto Exchange; Old Vector, which developed the A7A5 cryptocurrency system pegged to the ruble; and Altair Holding, based in Luxembourg.

According to data, over the past four months, transactions exceeding $9.3 billion have been conducted through A7A5 for Russia. The British government considers such large operations as a scheme used by Moscow to bypass sanctions.

Additionally, within the scope of sanctions, Kyrgyzstan's Central Asia Capital Bank and its head Kantemir Chalboyev, as well as the head of a trading company, Janishbek Uulu Nazarbek, were also blacklisted. British Deputy Foreign Secretary Stephen Doughty commented on this decision, emphasizing that if the Kremlin tries to reduce the impact of Western sanctions through various suspicious cryptocurrency networks, these attempts will be completely ineffective.

Experts believe that London's measures represent new financial pressure on Moscow and may curb covert operations via cryptocurrency. In particular, the sanctions make the issue of transparency in the cryptocurrency market even more urgent.

Notably, this decision was made following important meetings in Washington attended by U.S. President Donald Trump, Ukrainian leader Volodymyr Zelenskyy, and European leaders, including British Prime Minister Keir Starmer. This once again confirms that Western countries are acting on a united front against Russia.