UK regulators warn crypto firms not to breach sanctions

crypto examine microscope - Getty - web.jpg

UK regulators have told crypto asset firms they are not exempt from laws mandating that sanctions on Russia be enforced by financial institutions.

“Financial sanctions regulations do not differentiate between crypto assets and other forms of assets,” the Bank of England (BoE) and Financial Conduct Authority (FCA) said in a joint statement. “The use of crypto assets to circumvent economic sanctions is a criminal offence.”

Opaque markets for crypto assets have been in particular focus since

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account