The UK government is imposing sanctions against Xinbi, a $20 billion Chinese-language crypto guarantee marketplace, aimed at isolating the platform from the legitimate crypto ecosystem. The Foreign, Commonwealth & Development Office stated that Xinbi provides crypto-based services, scam-enabling tools and other illicit services to bad actors and plays a central role in scam centers across Southeast Asia. Under the sanctions, any UK assets connected to Xinbi will be frozen and the platform will be barred from the country's financial, trade and travel networks. While the sanctions mainly target the crypto ecosystem, they also emphasise a distinction between legitimate and illicit ecosystems.