Binance will stop processing transactions involving 16 crypto asset service providers, with the restrictions taking effect in three batches on Aug. 7, Aug. 13 and Aug. 23. After the applicable dates, users will no longer be allowed to send or receive assets, either directly or indirectly, with the affected entities. Binance said transactions initiated after the effective dates may be held for compliance review, and impacted wallets could face temporary restrictions. The platforms named include Shelbit, Aban Tether Exchange, A7 Nigeria, A7 Africa, HTX, EXMO, Rapira, Bitpapa and Exnode, among others. Bitcoin.com News said the U.S. has sanctioned Shelbit and Aban Tether over an Iranian crypto network, while the U.K. has separately sanctioned Russia-linked trading platforms and the A7 network. A7 said it moved more than $90 billion in funds over the past year.

The UK sanctioned multiple crypto firms tied to Russia-linked financial activity and applied Regulation 17A to crypto exchanges for the first time, raising compliance demands across payment chains and asset screening.

Elliptic says several exchanges with Russian operational or financial links still help move crypto across borders, using ruble conversion, wallet rotation, and shared custody infrastructure.

Blockchain analytics firm Elliptic released a report detailing how Bitpapa, ABCeX, Exmo, Rapira, and Aifory Pro enable Russian entities to bypass sanctions through wallet obfuscation and shared infrastructure. ABCeX processed over $11 billion in transactions linked to sanctioned groups.

Bitpapa has launched a crypto payment solution for merchants, highlighting widget-based website integration, sub-30-second processing, fixed withdrawal fees, and more than 100 payment methods as it expands in African markets.