The United States and Britain have begun to investigate cryptocurrency transactions worth more than $20 billion that went through the Russian exchange. This is reported by Bloomberg.
It is noted that the payments were made through the Moscow crypto exchange Garantex using the Tether cryptocurrency tied to the dollar.
The publication writes that these transfers took place after Garantex was sanctioned by the United States and the United Kingdom on suspicion of facilitating financial crimes and illegal transactions in Russia.
"President Joe Biden's administration has been trying to clamp down on cryptocurrency exchanges like Garantex since the first days of the war. The $20 billion worth of transactions will be one of the biggest violations of sanctions imposed on Russia since the war began," the article says.
The USA and Britain are investigating Russian cryptocurrency transactions worth $20 billion - Bloomberg
- Economics
- 28 March 2024 -16:20
-
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The USA and Britain are investigating Russian cryptocurrency transactions worth $20 billion - Bloomberg
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The United States and Britain have begun to investigate cryptocurrency transactions worth more than $20 billion that went through the Russian exchange. This is reported by Bloomberg.
It is noted that the payments were made through the Moscow crypto exchange Garantex using the Tether cryptocurrency tied to the dollar.
The publication writes that these transfers took place after Garantex was sanctioned by the United States and the United Kingdom on suspicion of facilitating financial crimes and illegal transactions in Russia.
"President Joe Biden's administration has been trying to clamp down on cryptocurrency exchanges like Garantex since the first days of the war. The $20 billion worth of transactions will be one of the biggest violations of sanctions imposed on Russia since the war began," the article says.