The United States has imposed sanctions on Sergey Sergeevich Ivanov of Russia and the cryptocurrency firm Cryptex, based in Saint Vincent and the Grenadines, according to a statement from the Treasury Department on Thursday.
These measures are part of ongoing efforts to address illicit financial activities and enhance national security. The sanctions target Ivanov for his involvement in activities that undermine U.S. foreign policy and national security interests. Cryptex is also being sanctioned for its role in facilitating financial transactions that contravene U.S. laws.
This action underscores the U.S. government’s commitment to combating the use of cryptocurrency in unlawful activities and maintaining pressure on individuals and entities linked to foreign adversaries.
