Written Question·Treasury·UIN 80907
Cryptoassets: Russia
Tabled: 10 October 2025
Answered: 20 October 2025
Question
Helen Maguire
Liberal Democrat — Epsom and Ewell
To ask the Chancellor of the Exchequer, what steps her Department is taking to close chat-mediated services that facilitate the purchasing of Russian crypto assets in Britain.
Answer
Lucy RigbySince 2020 UK cryptoasset firms have been subject to the Money Laundering and Terrorist Financing Regulations, requiring strict supervision, customer checks and suspicious activity reporting. Since 2023, these firms have also been required to collect, ver...
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