Russian Crypto Exchange Garantex Sanctioned by EU
Reading Time: 2 minutesThe European Union has sanctioned Garantex, a Moscow-based cryptocurrency exchange, for its role in facilitating illicit financial transactions Authorities have linked Garantex to Russian banks already under EU sanctions, allowing the conversion of rubles into cryptocurrency for cross-border transfers This action marks a significant step in cracking down on crypto exchanges that enable financial circumvention of international restrictions The European Union has imposed sanctions on Garantex…
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