August 14, 2025

U.S. Blacklists Crypto Network Behind Ruble-Backed Stablecoin and Shuttered Exchange Garantex

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Thursday sanctioned a network of companies, exchanges and executives linked to shuttered Russian crypto exchange Garantex and the ruble-backed stablecoin A7A5, accusing them of helping Moscow …

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