Overview
- Britain imposed asset freezes, travel bans and director disqualification orders on 12 people and entities it links to the Zindashti network.
- Officials say the group threatened, planned or carried out attacks in the UK and overseas, with police also probing Iran links to arson at Jewish sites in London.
- Investigators report two UK‑registered exchanges, Zedxion and Zedcex, moved about $1 billion in Tether transfers on the Tron blockchain since 2021, with illicit flows reaching 87% by 2024.
- Companies House has begun dissolving Zedxion for misleading filings, and traced transfers include more than $10 million in USDT to OFAC‑designated Houthi financier Sa’id al‑Jamal.
- UK regulators are advancing a crypto rulebook slated for completion in 2026 and enforcement from 2027, which would tighten licensing, trading venue standards and stablecoin oversight.