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EU sanctions Russian crypto exchange Garantex over Ukraine conflict ties – TON BOT

EU sanctions Russian crypto exchange Garantex over Ukraine conflict ties

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The European Union has sanctioned Russian crypto exchange Garantex as part of efforts to disrupt Russia’s ability to fund military operations in Ukraine. This is the first time the EU has directly targeted a Russian crypto exchange. The sanctions also target individuals and entities supporting Russia’s war efforts, with assets frozen and travel bans imposed. Garantex had previously faced restrictions from the US and UK for alleged violations of anti-money laundering and counter-terrorism financing regulations.

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