Tag: Garantex

The European Union has introduced a new round of sanctions targeting financial networks that support Moscow, adding Russian cryptocurrency exchange Garantex to its blacklist. This marks the first time the EU has sanctioned a Russian-based crypto exchange, signalling a broader crackdown on entities allegedly aiding the country’s war efforts. According ...

Blockchain analytics firm Chainalysis has raised concerns about the potential use of domestic crypto exchanges by the Russian government to evade international sanctions. In a recent report, the firm highlighted two crypto platforms, Garantex and Exved, as potential resources for Russia to facilitate cross-border trade despite ongoing financial restrictions. According ...