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March 7, 2025

Tether Freezes $28 Million on Sanctioned Russian Exchange: What You Need to Know

In a move linked to regulatory compliance, Tether has frozen $28 million in USDT on the Russian crypto exchange Garantex. This decision results from increased scrutiny surrounding platforms associated with financial misconduct following EU sanctions. As the cryptocurrency ecosystem faces growing pressure to adhere to regulatory standards, this situation underscores the evolving dynamics of crypto exchanges. Tether’s actions reflect a proactive stance in combating financial crime, thus reassuring users and regulators alike. Keeping an eye on these developments is vital as they shape the future of crypto compliance and security.

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