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Japan Adds Russian Crypto Exchange Garantex to Asset-Freeze Sanctions List

Japan Adds Russian Crypto Exchange Garantex to Asset-Freeze Sanctions List

  • The Japanese government said it has placed Russian cryptocurrency exchange Garantex on its asset-freeze list, restricting payments and capital transactions.
  • Garantex had already been sanctioned by the US, the European Union and other countries, and Japan’s move further tightened restrictions on the exchange.
  • TRM Labs said Garantex may have anticipated the sanctions and prepared plans to quickly move customers, infrastructure and funds to a successor platform.

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Photo: Shutterstock
Photo: Shutterstock

Japan has expanded its sanctions on Russia by adding Russian cryptocurrency exchange Garantex to its asset-freeze list.

Cointelegraph reported on October 4 that Japan’s Ministry of Foreign…

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