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Garantex says ‘USDT in Russian wallets under threat’ as Tether freezes $27M

Garantex was sanctioned by the EU in February as it stepped up its efforts to bring an end to “Russia’s war of aggression against Ukraine.”

US sanctions Russian money laundering network that used USDT

TGR Group, an alleged Russian money laundering network, has been disrupted by a joint effort from the US, UK and the UAE.

Hydra founder Stanislav Moiseyev was fined 4 million rubles — around $37,000 — and sentenced with 15 other accomplices by a Moscow court.

Crypto traders in Russia will pay 13% in personal income tax up to 2.4M rubles ($22K) but will enjoy 0% on VAT.

Six territories in Russia’s North Caucasus region will also face a flat-out ban on crypto mining activities until 2031.