Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, for what reason the Government has not sanctioned cryptocurrency mixers in the context of the (a) Russia, (b) Belarus and (c) wider sanctions' regimes.

The UK Government does not speculate on possible future designations. To do so could reduce the impact of the designations. Since 30 August 2022, UK cryptoasset businesses have been required to report certain information to the Treasury when encountering a designated person, or where they become aware of a breach of financial sanctions regulations. Failure to comply with these reporting obligations is an offence and can result in a criminal prosecution or a fine. The UK is actively engaging internationally through the Financial Action Task Force to ensure that the illicit finance risks represented by cryptoassets are mitigated at a global level.