Japan Adds Russian Crypto Exchange Garantex to Sanctions List
Japan has added the Russian cryptocurrency exchange Garantex to its sanctions list, citing its role in helping Russian entities evade financial restrictions related to the war in Ukraine. The move includes asset freezes and restrictions on financial transactions for the exchange and several other entities.
Why it matters
This action highlights the increasing use of financial sanctions against crypto platforms to enforce international policy and restrict funding for the war in Ukraine.
Japan Adds Russian Crypto Exchange Garantex to Sanctions List Chaincatcher Release Time: 2026/10/04 13:12:49 Share Summary Japan added the Russian crypto exchange Garantex to its sanctions list, restricting financial transactions and capital activities. This move expands sanctions against Russia’s war in Ukraine. Garantex was previously targeted by the U.S. and EU for assisting Russian entities in circumventing restrictions. Japan also sanctioned 33 groups, nine individuals, and banned services for 35 ships linked to oil exports. The latest crypto exchange news underscores ongoing global enforcement efforts. No exchange hack was reported in this action. ChainCatcher report, according to Cointelegraph, Japan’s Ministry of Foreign Affairs, Ministry of Finance, and Ministry of Economy, Trade and Industry jointly issued a statement on Friday formally adding the Russian cryptocurrency exchange Garantex to its asset freeze list. This measure will strictly restrict fund transfers and capital transactions related to Garantex.
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