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US sanctions firms behind Iran’s Strait of Hormuz BTC insurance scheme

Iran’s BTC insurance scheme would reportedly generate over $10B in revenue for the country and help it maintain control over the Strait.

European Union sanctions Justin Sun’s HTX

The EU has added Huobi Global S.A. and HTX to its list of sanctions related to the Russian invasion of Ukraine.

Russia sanctioned the British teenager after his crypto-laundering report led to the implementation of state sanctions.

The UK FCDO has sanctioned Huobi Global over ties to two organisations which it had previously sanctioned over sanctions evasion concerns.

Kyrgyzstan-registered crypto exchange Grinex has suspended operations. It had previously been linked to sanctions evasion of up to $6B.