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

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

coindesk.com/policy/2025/08/14/ofac-sanctions-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 skirt international…

This story appeared on coindesk.com, 2025-08-14 20:23:38.