Data Privacy & Security Data Privacy & Security

Virtual currency exchange Garantex sanctioned by US Treasury; action marks third since September

By Samuel Rubenfeld
  • 05 Apr 2022 22:28
  • 05 Apr 2022 22:28
The US Treasury Department today announced sanctions on Garantex, a virtual currency exchange it said had handled more than $100 million in transactions associated with illicit actors and darknet markets.

Garantex, founded in late 2019 and originally registered in Estonia, allows customers to buy and sell virtual currencies using fiat currency, Treasury said.

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