Japan has added cryptocurrency exchange Garantex to its list of sanctioned entities over the ongoing Ukraine war. The move follows similar sanctions imposed by the US, EU, and other jurisdictions. Garantex was previously found to be assisting Russian entities in evading financial restrictions. This is the latest development in a growing trend of international cooperation on cryptocurrency-related sanctions.
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The sanctions list now includes Garantex, a Moscow-based cryptocurrency exchange that has been accused of helping Russian entities circumvent financial restrictions. This decision reflects Japan's commitment to countering the financial implications of the Ukraine conflict.