In a historical first, the European Union has beaten Sanctions against the Russian cryptocurrency exchange Garantex, an important player at the Moscow Cryptomarkt. The step is based on Garantex’s close connections to sanctioned Russian banks and their role in facilitating activities that endanger global financial stability.
This recent campaign is strengthening a growing, uniform international front against the exchange, which was already confronted with sanctions from Great Britain and the USA.
The sanctioning of Garantex by the EU shows a clear escalation that highlights the severity of the concerns about the operations of the platform.
Aren’t customer-specific wallets such as the best wallet and the token $ $ best to help investors to reduce risks related to the crypto handle-and are best to buy the best crypto?
Garantex testing and effects on investors indicate major problems
Although this is not the first rodee of Garantex against international sanctions, it is the first time that the EU has sanctioned a crypto exchange that first marks a historical brand.
In 2022, the US Ministry of Finance sanctioned Garantex to facilitate illegal transactions, anti-money laundering and the counter-financing of terrorist defects.
At the same time, Garantex lost his Estonian license after an examination of the Estnian Financial Intelligence Unit.
In response to the Russian invasion of Ukraine in 2024, the United States and Great Britain garantex imposed further sanctions. Nevertheless, US officials asked questions such as the attempts to exchange them to bypass them.
In fact, recent sanctions arise from the concerns of the European Council (the official council of the European Union) that the trading platform is too familiar to avoid its punishment
This is a considerable step in combating illegal financial crypto rivers from the stock exchange.
The sanctions imposed limit the access of the investor to their funds, reduce their commercial capacity and disturb the business activity of Garantex strongly and effectively dismiss the surgical ability of the stock exchange.
Crypto safety in stock exchanges – inadequate security guarantees?
Crypto is a volatile investment, whereby the market trends change quickly. Investors approach the market in different ways, with some use a short-term trading system and others appoint a Hodling approach (Holding for Dear Life), in the hope of long-term profits.
The latest data from CoinmarketCap show that investors experience in a current positive trend (overall a bull market) in recent market losses. This experience is obvious, with remarkable ups and downs all year round.
Garantex is a central exchange (CEX) and offers comfort and user -friendliness. However, they give control over their private keys and rely on their security measures to protect their means.
But if the unexpected (such as sanctions) happens, your means can be frozen.
Further risks are security violations (such as the Bitbit hack), exchange errors and the ubiquitous threat from regulatory uncertainty.
If you want more control over the security of your crypto, non-customer-specific wallets like the best wallet are the safer bet. Even better if you can invest in a promising pre-sale, such as the best wallet token that promises long-term profits.
Protection and passive income? Where do we register?
With advanced cryptographic techniques, multi-factor authentication and biometry, the best wallet prioritizes the safety of user funds and makes its native tokens a strong competitor for the best crypto.
At a token price of $ 0.024225 and an impressive total place of $ 10.8 million, $ is currently increasing. It shows best that it continues to grow in the recent drop in the market. The best wallet rewarded investors with a dynamic APY with 147% and continues to build on his good reputation and attract new investors.
In contrast to centralized stock exchanges, there are no customer-specific wallet such as the best wallet of events such as the latest Garantex sanctions and offer a safe port for crypto assets.
Crypto is very volatile and as with any investment there is a risk of losing everything. Always lead your own research before making investments.