UK Sanctions Kyrgyz Financial & Crypto Networks in $9.3B Stablecoin Probe

UK Sanctions Kyrgyz Financial & Crypto Networks in $9.3B Stablecoin Probe

The United Kingdom has imposed new sanctions on Kyrgyzstan’s financial and crypto infrastructure, targeting institutions and individuals allegedly linked to a ruble-pegged stablecoin scheme facilitating Russian sanctions evasion. British authorities expanded their sanctions list to include Capital Bank of Central Asia and its director, Kantemir Chalbayev, who are accused of assisting Russian military procurement. The list also names Kyrgyz cr...

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