U.K. Sanctions Cryptomus for RU Money Laundering

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On October 8, the U. K. issued sanctions (PDF) against Cryptomus — previously known as Certa Payments and Xeltox Enterprises — for processing payments that benefit the Russian government and its financial institutions. Sanders said the U. K. sanctions on Cryptomus are important because Canada’s sanctions against the platform were ultimately unenforceable and uncollectible. “A fine doesn’t stop a cryptocurrency payment processor from processing payments,” Sanders wrote on LinkedIn. “Sanctions kill the operation. Where do entities like Cryptomus and Heleket derive their authority to offer international financial services?

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