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The US government has redesignated Garantex and its successor Grinex to its sanctions list, but blockchain intelligence firm TRM Labs suggests these measures may prove ineffective. Garantex Europe, the targeted crypto exchange, likely has contingency plans to bypass enforcement.
- Garantex and Grinex were redesignated to the US sanctions list by OFAC.
- TRM Labs suggests Garantex may have preemptive plans to evade sanctions.
- Sanctions could be ineffective due to rapid migration capabilities in crypto.
📎 Related coverage from: cointelegraph.com