EddieJayonCrypto

 25 Feb 25

tl;dr

The European Union has sanctioned the Russian crypto exchange Garantex as part of efforts to restrict Russia's access to financial resources and disrupt its military funding. This marks the first time the EU has directly targeted a Russian crypto exchange. The sanctions also cover 48 individuals and...

The European Union has sanctioned the Russian crypto exchange Garantex as part of efforts to restrict Russia's access to financial resources and disrupt its military funding. This marks the first time the EU has directly targeted a Russian crypto exchange. The sanctions also cover 48 individuals and 35 entities, with frozen assets and travel bans imposed. The move aims to tighten economic and financial pressure on Russia's war-related networks.

The action follows previous restrictions by the United States and the United Kingdom, with Garantex previously accused of non-compliance with anti-money laundering regulations.

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 25 Feb 25
 25 Feb 25
 25 Feb 25