The UK government has put sanctions on five crypto businesses: three cryptocurrency exchanges and two payment platforms. It suspects them of helping Russian entities get around financial sanctions. Cointelegraph reported the move on October 9, 2026.
According to the report, some of the sanctioned firms had links to thousands of Russian entities. Some were also tied to HTX, an exchange that was already under sanctions. The excerpt does not say which firms have which links.
The material available here does not name the three exchanges or the two payment platforms. It also gives no amounts of money involved and does not describe how the sanctions will be enforced. Those details are not yet known from this source.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, nothing changes directly based on what is known. The report does not name any of these four venues, and it says nothing about funding rates, trading fees or liquidity on them. If a named firm later turns out to be connected to a venue we track, we will look at it then. Until that happens, this story does not change what it costs to hold a perp.
Source: cointelegraph — UK sanctions three crypto exchanges tied to Russian illicit funds